The Housing Bubble Prior to 2007 Was Driven Primarily by

question 27

Multiple Choice

The housing bubble prior to 2007 was driven primarily by

• A)the large population growth stemming from legal and illegal immigration between
• 1990 and 2005.
• B)the increased demand for housing that resulted from a dramatic loosening of lending standards.
• C)innovations in construction technology that allowed for new homes to be built at drastically reduced costs.
• D)the federal government's decision to quadruple the mortgage interest deduction in 2003.

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Definitions:

Transactional Leadership

A leadership style focused on supervision, organization, and performance, where success is rewarded, and failure is penalized.

Trustworthy Leadership

Leadership characterized by reliability, integrity, and honesty, inspiring trust and confidence among followers.

Followers First

A leadership principle that emphasizes the importance of prioritizing the well-being and needs of followers in leadership practices.

Intrapersonal

Relating to the internal processes within an individual, including self-reflection, internal dialogue, and personal understanding.