The Model of Supply and Demand Leads to the Prediction

question 3

Multiple Choice

The model of supply and demand leads to the prediction that high interest rates cause:

• A) an increase in the price of housing and a decrease in the number of homes purchased.
• B) a decrease in the price of housing and an increase in the number of homes purchased.
• C) an increase in both housing prices and the number of homes purchased.
• D) a decrease in both housing prices and the number of homes purchased.

---

Definitions:

NASW Code of Ethics

A document that outlines the ethical principles and standards that guide the professional practice of social workers, ensuring accountability and integrity.

Competent

Having the necessary ability, knowledge, or skill to do something successfully and efficiently.

Confidentiality

The ethical and legal requirement to keep client information private, sharing it only with authorized individuals or under specific circumstances.

Ethical

Involves principles and standards that guide behavior in practices and decisions, often emphasizing fairness, honesty, and respect for individuals.