When People Became Less Concerned with the Underlying Value of Their

question 152

Multiple Choice

When people became less concerned with the underlying value of their houses and instead focused on the expectations of the prices of their houses increasing, ________ occurred.

• A)stagflation
• B)an automatic destabilizer
• C)a housing bubble
• D)a supply shock
• E)a decrease in household debt

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Definitions:

Prokaryotes

Microorganisms characterized by the absence of a nucleus, including bacteria and archaea.

Representatives

Individuals or entities that stand in for or act on behalf of others in a particular context or scenario.

Bacteria

Microscopic, single-celled organisms found in virtually all environments, both harmful and beneficial to humans.

Lord Kelvin

A title for William Thomson, a prominent 19th-century physicist known for his work in thermodynamics and for developing the Kelvin scale of temperature.