After reports of the subprime mortgage crisis began to appear in the media, which of the following most likely caused housing prices to fall?
A. neoclassical theory
B. cyclical expectations
C. rational expectations
D. Keynesian theory
Answer:C
After reports of the subprime mortgage crisis began to appear in the media, which of the following most likely caused housing prices to fall?
A. neoclassical theory B. cyclical expectations C. rational expectations D. Keynesian theory
Explanation: Type: Multiple Choice