One Reason Consumers Were Able to Assume an Increasing Amount

question 100

Multiple Choice

One reason consumers were able to assume an increasing amount of household debt during the 2000s is because:

• A) interest rates were so low that it made borrowing easier.
• B) even though interest rates were high, the inflated values of homes allowed them to afford it.
• C) interest rates were so low that people found it very easy to save their extra income.
• D) even though interest rates were high, the herd instinct gave people a false confidence in their future wealth.

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Definitions:

Employee Motivational

Techniques and strategies used to inspire employees to perform well and achieve their goals.

Motivating Employees

The process of inspiring staff to perform at their best through various incentives and workplace practices.

Existence Needs

Basic human necessities including physiological and safety needs such as food, water, shelter, and security.

Physiological Needs

Basic physical requirements including air, water, food, shelter, and sleep, considered the first level of needs in Maslow's hierarchy.