Severe downturn in economic activity due to financial crisis

Reference no: EM13695096

In 2008 and 2009, the U.S In 2008 and 2009, the U.S. economy experienced a severe downturn in economic activity due to a financial crisis. Relative to the price decline of the housing market, what are two repercussions that caused a sizable fall in aggregate demand?

Reference no: EM13695096

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