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.

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Definitions:

Homophilous Networks

Social networks composed of individuals who share similar characteristics, beliefs, or behaviors, leading to more cohesive but potentially less diverse interactions.

Racial Minorities

Ethnic groups that are smaller in number than the dominant group in a society, often facing disadvantages or discrimination.

Glass Escalator

The phenomenon where men in traditionally female-dominated professions advance to higher positions more quickly than their female counterparts.

Women-Dominated Workforces

Refers to fields or industries where the majority of the workforce is female, often seen in sectors like nursing, teaching, and care work.