When people buy assets simply because they believe the assets will appreciate and can be sold for a profit, it may cause:

The efforts of individuals to protect themselves against losses as a result of inflation

A) are irrational because one person's loss as a result of inflation is someone else's gain. B) can only succeed if everyone correctly anticipates the rate and timing of inflation. C) cannot succeed because no private citizen has the ability to stop inflation. D) use up valuable resources that could have been employed in other ways.

As the housing market took off in the early 2000s:

A. household debt became positive for the first time since the Great Depression. B. the growth in household debt slowed. C. the growth in household debt accelerated. D. household debt became negative for the first time since the Great Depression.