Show the effect on the U.S. construction residential housing market in the event of severe economic recession. Draw diagram to illustrate the answer© BrainMass Inc. brainmass.com October 10, 2019, 5:15 am ad1c9bdddf
During a severe economic recession, consumers would focus on the basic necessities as food and clothing and not only residential houses. The effect on the ...
The solution illustrates graphically the behavior of the residential housing during a recession.