When the Housing Bubble Collapsed in 2007,____ Rose Significantly,and the Fed

question 69

Multiple Choice

When the housing bubble collapsed in 2007,____ rose significantly,and the Fed ____ interest rates.

• A) inflation;increased
• B) unemployment;increased
• C) unemployment;lowered
• D) inflation;lowered

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Definitions:

Small Communities

Social units with relatively small populations, often characterized by close-knit relationships and shared values.

Corporations

Are legal entities that can enter into contracts and own property. They are taxed at a lower rate than individuals are and their owners are normally not liable for the corporation’s debt or any harm it may cause the public.

Crimes

Acts or omissions that violate laws and are punishable by the state or other authority.

Convicted

The formal declaration that someone is guilty of a criminal offense, made by the verdict of a jury or the decision of a judge.