As a Result of the Housing Market Crash Overall Output

question 9

Multiple Choice

As a result of the housing market crash overall output fell, and prices:

• A) decreased because the magnitude of shift was larger for aggregate demand than it was for aggregate supply.
• B) increased because the magnitude of shift was larger for aggregate demand than it was for aggregate supply.
• C) decreased because the magnitude of shift was smaller for aggregate demand than it was for aggregate supply.
• D) increased because the magnitude of shift was smaller for aggregate demand than it was for aggregate supply.

---

Definitions:

Structured Problem

A problem that is clearly defined, with known variables and possible solutions, making it easier to analyze and solve.

Crisis Management

How an organization manages an unexpected and chaotic situation that could potentially damage the organization or its stakeholders.

Uncertainty

The state of being uncertain; lack of certainty or predictability in outcomes or future events.

Certain Environment

Denotes a specific or particular setting or context in which something exists or operates.