The expansion of 2002 and beyond was due,at least in part to

Question

Quizplus · Accepted Answer

The expansion of 2002 and beyond was largely fueled by increases in housing wealth, as the housing market experienced significant growth during this time period. This led to increased consumer spending and investment in the housing market, which in turn contributed to economic growth. Interest rate increases, reductions in federal spending, and increases in taxes would generally have a dampening effect on economic growth, while increases in investment spending could contribute to growth but were not the primary driver in this case.

The Expansion of 2002 and Beyond Was Due,at Least in Part