Author Question: Why was so much of the boom of the 2000s concentrated in the housing and real estate sectors? A) ... (Read 86 times)

fagboi · **on:** Jun 29, 2018

Why was so much of the boom of the 2000s concentrated in the housing and real estate sectors?

A) The Fed attempted to engineer an increase not only in real GDP, but in particular further the expansion of those sectors.
B) The Community Reinvestment Act (CRA) called for banks to offer subprime loans to at-risk customers.
C) People were encouraged to flip houses because the low interest and rate and easy lending practices made it appear profitable to do so.
D) For all of the above reasons.

Question 2

Which confers a set of property rights?

A) A driver's license
B) A land contract
C) A passing score on a C.P.A. exam
D) A successful election campaign
E) All of the above.