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:

Nodes

Nodes are points in a network where pathways intersect, serving as connection or redistribution points in various systems, such as telecommunications, computer networks, or social networks.

Maven

An expert or connoisseur, often referring to a person who has special knowledge or experience; used particularly in the context of marketing to describe influential figures.

Niche Market

A specialized segment within the marketplace characterized by a unique demand and specific consumer preferences, often less competitive than broader markets.

Social Graph

A diagram that illustrates interconnections among individuals or organizations within a social network.