After World War II, Which of the Following About the Value

question 20

Multiple Choice

After World War II, which of the following about the value of homes is not true?

• A) On average they did not fall for 60 years.
• B) They were unaffected by recessions until the 2000s.
• C) They seemed immune to the business cycle.
• D) It remained relatively unaffected by inflation.

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Definitions:

Bretton Woods Agreement

An agreement established in 1944 which set up an international monetary system based on fixed exchange rates and established the International Monetary Fund (IMF) and the World Bank.

Net Indebtedness

The total amount of borrowed money minus assets or reserves, indicating a person's, company's, or country's financial obligations.

Factor Payments

Payments made to the factors of production, such as wages to labor, rent to landowners, interest to capital, and profits to entrepreneurs.

International Currency Markets

Global platforms for exchanging one country's currency for another's, influencing foreign exchange rates and international trade.