As a result of the housing market crash overall output fell, and prices:
A) decreased because the magnitude of shift was larger for aggregate demand than it was for aggregate supply.
B) increased because the magnitude of shift was larger for aggregate demand than it was for aggregate supply.
C) decreased because the magnitude of shift was smaller for aggregate demand than it was for aggregate supply.
D) increased because the magnitude of shift was smaller for aggregate demand than it was for aggregate supply.
Correct Answer:
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