Which of the Following Contributed to the Strong Auto Sales

question 197

Multiple Choice

Which of the following contributed to the strong auto sales and soaring housing prices during 2002-2004?

• A) The Fed's high-interest rate policy during the period.
• B) The tightening of loan standards by commercial lenders.
• C) The increasing popularity of fixed-rate, long-term loans to lock in low interest rates.
• D) The Fed's low-interest rate policy during the period.

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Definitions:

Plutocracies

Societies or systems where power is held by the wealthiest individuals or families.

Wealthy

Having an abundance of valuable possessions or money, often implying a level of financial security and material comfort.

Social Philosophy

A branch of philosophy that deals with the study of society and its institutions, addressing questions about justice, rights, and the nature of social relations.

Unequal

Imbalanced or unfairly distributed, often referring to situations where resources, power, or opportunities are not distributed evenly among individuals or groups.