One Reason Consumers Were Able to Assume an Increasing Amount

question 100

Multiple Choice

One reason consumers were able to assume an increasing amount of household debt during the 2000s is because:

• A) interest rates were so low that it made borrowing easier.
• B) even though interest rates were high, the inflated values of homes allowed them to afford it.
• C) interest rates were so low that people found it very easy to save their extra income.
• D) even though interest rates were high, the herd instinct gave people a false confidence in their future wealth.

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Definitions:

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