The collapse of home values in 2008 led to a(n) _____ in Americans' consumption and a(n) _____ in their saving rates.
A) decrease; decrease
B) decrease; increase
C) increase; increase
D) increase; decrease

Question

Quizplus · Accepted Answer

The collapse of home values led to a decrease in Americans' consumption as they had less equity in their homes and less disposable income. This decrease in consumption led to an increase in their saving rates as they attempted to save more money in case of future financial uncertainty.

The Collapse of Home Values in 2008 Led to A(n)