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