How did falling real estate prices in the late 2000s affect employment in the residential and non-residential construction industries?
A) Employment in both residential and non-residential construction industries fell.
B) Employment in the residential construction industry fell, but employment in the non-residential construction industry remained steady.
C) Employment in the residential construction industry fell, but employment in the non-residential construction industry increased.
D) Employment in the residential construction industry remained steady, but employment in the non-residential construction industry fell.

Question

Quizplus · Accepted Answer

Falling real estate prices in the late 2000s led to a decrease in demand for new housing, which directly impacted the residential construction industry by reducing employment. The economic downturn also affected the non-residential construction sector as businesses cut back on investments, leading to a decrease in employment in that sector as well.

How Did Falling Real Estate Prices in the Late 2000s