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When Housing Prices Fell as They Did Beginning in 2006

question 121

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When housing prices fell as they did beginning in 2006 following the housing market bubble,most banks and other lenders ________ the requirement for borrowers,making it ________ for potential home buyers to obtain mortgages.


Definitions:

Mechanism

The detailed step-by-step pathway through which reactants transform into products in a chemical reaction.

Ammonia

A colorless gas with a pungent smell, composed of nitrogen and hydrogen (NH3), used widely as a fertiliser and industrial feedstock.

Propanoic Acid

A short-chain fatty acid with the formula C2H5COOH, known for its unpleasant odor similar to body sweat.

Methyl Propanoate

An ester formed from methanol and propanoic acid, often used as a solvent or in the synthesis of other compounds.

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