Declines in Spending on Residential Construction Are Often Due to Increases

question 19

Multiple Choice

Declines in spending on residential construction are often due to increases in interest rates.The collapse in residential construction prior to and during the recession of 2007-2009 was due more to ________ than to higher interest rates.

• A)the financial crisis that began in 2007
• B)the rapid inflation of the early 2000s
• C)increases in the price of lumber
• D)rising wages in the construction industry

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Definitions:

African American Voters

Individuals of African descent who are citizens of the United States and participate in the electoral process through voting.

People's Party

also known as the Populist Party, was a political group in the United States in the late 19th century, advocating for various reforms including the free coinage of silver and governmental control of railroads.

Democrats

A political party in the United States that generally supports liberal, progressive policies on social and economic issues.

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Members of the Republican Party, one of the two major political parties in the United States, traditionally characterized by a conservative ideology that emphasizes free market policies, limited government, and strong national defense.