Card 56 / 145: Which of the following does NOT explain why the 1997–2006 housing boom increased aggregate demand?
A) During the boom, some builders were working 60 or 80 hours a week instead of 40.
B) Homeowners felt wealthier as they saw their homes rising in value every year.
C) The construction sector created new employment and higher wages.
D) Homeowners tended to spend more money and even borrow money, hoping that rising wealth from the home values will let them repay the money in the future.

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