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

Question

Quizplus · Accepted Answer

The collapse of home values led to a decrease in Americans' consumption as they had less equity and wealth, and an increase in their saving rates as they resorted to saving more to rebuild their financial position.

The Collapse of Home Values That Began in 2008 Led