Refer to the Following Figure When Answering the Following Questions

question 53

Multiple Choice

Refer to the following figure when answering the following questions.
Figure 16.5: U.S. Household Net Worth
-Based on Figure 16.5, personal savings generally ________ over the period. However, personal savings ________ between roughly 2007 and 2009, which was likely due to ________.

• A) fell; rose; precautionary savings
• B) fell; fell; negative interest rates
• C) rose; rose; an increase in interest rates
• D) rose; rose; the wealth effect
• E) fell; rose; higher gas prices

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Definitions:

Analytical Engine

An early mechanical general-purpose computer concept devised by Charles Babbage in the 19th century, designed to perform any calculation or mathematical operation.

MS-DOS

Microsoft Disk Operating System, an early command-line operating system for IBM PC-compatible computers.

WordPerfect

A word processing software that has been widely used for document creation, editing, and formatting, known for its reveal codes feature.

Floppy Disk

A type of disk storage composed of a disk of thin and flexible magnetic storage medium, enclosed in a square or rectangular plastic shell.