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:

Membranes

Thin layers of tissue that cover surfaces, line cavities, and separate spaces or organs in organisms.

Gestation

The period of development inside the womb from conception to birth.

Oral Contraceptive Pills

Medications taken by mouth to prevent pregnancy, commonly containing hormones that inhibit ovulation or alter the cervical mucus.

Ovulation

The process in the female reproductive cycle where an ovary releases an egg, making it available for fertilization.