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 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 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 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 best option that accurately 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 option correctly describes the cycle where an initial economic boom leads to increased spending, followed by a bust when the excess supply outpaces demand, resulting in financial struggles for many.