If the Probability of Losing Your Job Remains ________, a Recession

question 145

Multiple Choice

If the probability of losing your job remains ________, a recession would be a good time to purchase a home because the Bank of Canada usually ________ interest rates during this time.

• A)low; lowers
• B)low; raises
• C)high; lowers
• D)high; raises
• E)low; does not change

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Definitions:

World War II

A global conflict that lasted from 1939 to 1945, involving most of the world's nations and culminating in significant changes to the geopolitical landscape.

Hourly Wage

A rate an employer agrees to pay a worker for each hour worked.

Federal Budget Deficit

The gap between what the U.S. government spends and what it collects in revenues over a fiscal year, leading to borrowing to cover the shortfall.

Cheap Land

Refers to land that is available for purchase at a relatively low cost, often due to location, quality, or other factors affecting its desirability.