During the Great Recession,U.S.household wealth declined,leading to a decrease in aggregate demand.Which pair of factors contributed to this decline in wealth?
A) an increase in tax rates and a decrease in stock prices
B) a decrease in stock prices and a decrease in housing prices
C) a decrease in housing prices and a decline in the level of technology
D) a financial market crisis and an increase in gas prices
E) a decrease in housing prices and a decrease in the money supply
Correct Answer:
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