Consumers Were Able to Assume an Increasing Amount of Household

question 72

Multiple Choice

Consumers were able to assume an increasing amount of household debt during the 2000s because:

• A) low interest rates made borrowing easier.
• B) real wages increased dramatically.
• C) interest rates were so high that people found it very easy to save their extra income.
• D) the U.S government made it easier for people to declare bankruptcy.

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Definitions:

Subjective

Based on or influenced by personal feelings, tastes, or opinions, rather than external facts.

Plan

A detailed proposal for achieving specific goals or tasks, outlining strategies, actions, and resources needed.

Summarization

The process of condensing information to present the main points succinctly.

E-mail

E-mail, short for electronic mail, is a method of exchanging messages and documents over a network or the internet between two or more individuals.