Problem
Throughout the late 1990s, the price of houses increased steadily around the country.
a. What impact would you expect increases and decreases in home value to have on the consumption behavior of home owners? Explain.
b. In what ways might events in the housing market have influenced the rest of the economy through their effects on consumption spending? Be specific.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.