Economists Andy Kwan and John Cotsomitis' work indicates the fall in consumption spending during the 2008-2009 recession would have been caused, in large part, by
A)lower housing wealth.
B)higher interest rates.
C)lower planned investment.
D)a fall in consumer confidence.
E)insufficient government stimulus spending.

Question

Quizplus · Accepted Answer

The Answer of Economists Andy Kwan and John Cotsomitis' work indicates the fall in consumption spending during the 2008-2009 recession would have been caused, in large part, by
A)lower housing wealth.
B)higher interest rates.
C)lower planned investment.
D)a fall in consumer confidence.
E)insufficient government stimulus spending.

Economists Andy Kwan and John Cotsomitis' Work Indicates the Fall