Recall Application 1, "Falling Home Prices, the Wealth Effect, and Decreased Consumer Spending," to answer the following questions:
-According to the application, from 1997- 2006, the largest increase in net wealth for most families in the US came from:

Question

Quizplus · Accepted Answer

The application states that "the largest source of wealth for most American families over this decade [1997-2006] was their home equity." Therefore, B is the correct choice.