Which of the following was not a direct contributor to the booming housing market in the 2000s?
A. People could get mortgages with little or no money down.
B. People were expecting housing prices to keep on rising.
C. Lending standards became loose.
D. Contractionary policy was passed in 2001.
Answer: D
Economics
You might also like to view...
Unlike demand-pull inflation, cost-push inflation:
A. is self-limiting. B. drives up the price level. C. increases nominal income. D. increases real income.
Economics
Why is utility an important concept to traditional economists?
a. It explains why people occasionally make irrational decisions. b. It explains why people allocate their budget the way they do. c. It explains why demand erratically fluctuates as the market self-corrects. d. It explains why the demand curve sometimes has a positive slope.
Economics