Between 2001-2005

question 86

Multiple Choice

Between 2001-2005,

• A) both sub-prime and adjustable rate mortgages decreased as a share of the total.
• B) both sub-prime and adjustable rate mortgages increased as a share of the total.
• C) sub-prime loans increased, but adjustable rate loans decreased as a share of the total.
• D) sub-prime loans decreased, but adjustable rate loans increased as a share of the total.

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Definitions:

Industrial Base

The sector of the economy made up of manufacturing, engineering, and infrastructure companies, which is fundamental for a country's economic development.

John D. Rockefeller

John D. Rockefeller was an American industrialist and philanthropist, best known for founding and leading the Standard Oil Company.

Andrew Carnegie

A 19th-century industrialist and philanthropist who led the expansion of the American steel industry.

Baby Boom

The significant increase in the birth rate, particularly noted in the period following World War II.