According to this Application, some households were willing to take on considerable mortgage debt because
A) they realized the mortgage debt would be more than offset by the tax deductions they could take on the interest paid on their mortgage loans.
B) this was a safe investment in light of the rapidly increasing inflation in the economy.
C) the government's federal home mortgage insurance program would compensate them for any loss in value they may realize based on the purchase price of their homes.
D) they were confident they could make money as the values of their homes increased.
D
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"Unions in the United States have helped raise the incomes of union workers as compared to nonunion workers." Do you agree or disagree? Why?
What will be an ideal response?
Most financial decisions involve two related elements:
a. advice and consent. b. investment and taxes. c. time and risk. d. saving and consumption.