Business, 04.11.2019 18:31, fsdfsf

If every $1,000 increase in the real price of homes adds 2 cents to annual consumer spending (the "wealth effect"), by how much did consumption decline when home prices fell by $2 trillion in 2006–2008?

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If every $1,000 increase in the real price of homes adds 2 cents to annual consumer spending (the "w...