Pregunta
Question 38
During the crisis of 2008 housing prices
(1) rose sharply; rose sharply
(2) fell sharply; fell sharply
(3) fell sharply; rose sharply
(4) rose sharply; fell sharply
During the crisis of 2008 housing prices
(1) rose sharply; rose sharply
(2) fell sharply; fell sharply
(3) fell sharply; rose sharply
(4) rose sharply; fell sharply
Ask by O'Quinn Frazier. in Cayman Islands
Mar 31,2025
Solución de inteligencia artificial de Upstudy
Respuesta verificada por el tutor
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The correct answer is (2) fell sharply; fell sharply.
Solución

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Mind Expander
During the 2008 financial crisis, the housing market faced a significant downturn, leading to a dramatic drop in housing prices. This was primarily due to the burst of the housing bubble, subprime mortgage crisis, and subsequent economic recession, which left many homeowners underwater on their mortgages. The impact was felt across the United States and even had global repercussions, reshaping the financial landscape.
To understand the full extent of the crisis, it’s important to remember the role of credit default swaps and subprime mortgages. Many people mistakenly believed that housing prices would continue to rise indefinitely, while in reality, poor lending practices led to increased foreclosures. Learning from these errors can help prevent similar financial disasters in the future.

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