When Housing Prices Fall,as They Did Beginning in 2006 Following

question 221

Multiple Choice

When housing prices fall,as they did beginning in 2006 following the housing market bubble,consumption spending on furniture,appliances,and home improvements ________ as many households found it ________ to borrow against the value of their homes.

• A)declined; easier
• B)declined; harder
• C)increased; easier
• D)increased; harder

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Definitions:

Next Decade

The upcoming or following ten-year period from the current date.

Professional and Service

relates to occupations and industries focused on providing expertise, support, and services to others, including healthcare, education, and business services.

Higher-paying Jobs

Employment positions that offer compensation at a rate significantly above average when compared to other jobs in the market or field.

College-Level Reading

pertains to the advanced reading skills required for understanding complex texts and materials in a collegiate context.