As a Result of the Housing-Market Crash

question 5

Multiple Choice

As a result of the housing-market crash:

• A) both aggregate demand and aggregate supply shifted to the left.
• B) both aggregate demand and aggregate supply shifted to the right.
• C) aggregate demand shifted to the left, and aggregate supply shifted to the right.
• D) aggregate demand shifted to the right, and aggregate supply shifted to the left.

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Definitions:

Ming Dynasty

A major Chinese dynasty that ruled from 1368 to 1644, known for its trade expansion, flourishing of arts and literature, and the construction of the Great Wall.

Porcelain Objects

Items made from porcelain, a fine, white ceramic material known for its strength, translucency, and high resistance to chemical attack and thermal shock, used extensively for tableware and decorative arts.

Kaolin

Kaolin is a fine, white clay used in the production of porcelain and ceramics, as well as in paper making, paint manufacture, and other industrial applications due to its non-abrasive texture and color.

Stoneware

Pottery fired at high temperatures to produce a stonelike hardness and density.