Which option best traces the sequential development of boom-and-bust cycles in Texas?(1 point) Responses Industries and the economy boom, and people pour money into the economy. When supply begins to outweigh demand, the economy busts, and many people begin to struggle financially. Industries and the economy boom, and people pour money into the economy. When supply begins to outweigh demand, the economy busts, and many people begin to struggle financially. Industries and the economy bust, and people pour money into the economy. When supply begins to outweigh demand, the economy booms, and many people begin to struggle. Industries and the economy bust, and people pour money into the economy. When supply begins to outweigh demand, the economy booms, and many people begin to struggle. Industries and the economy boom, and people put money into the economy. When demand begins to outweigh supply, the economy busts, and many people begin to struggle. Industries and the economy boom, and people put money into the economy. When demand begins to outweigh supply, the economy busts, and many people begin to struggle. Industries and the economy boom, and people stop buying and putting money into the economy. When supply begins to outweigh demand, the economy busts, and many people start buying more.
1 answer
The option that best traces the sequential development of boom-and-bust cycles in Texas is:
"Industries and the economy boom, and people pour money into the economy. When supply begins to outweigh demand, the economy busts, and many people begin to struggle financially."
This sequence accurately reflects the typical pattern of economic cycles where a boom phase leads to increased investment and spending, followed by a bust phase when supply exceeds demand, causing financial difficulties.
