The Business Cycle Answers

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Why might buying a home during a recession be a good decision for some consumers? Choose three answers.

Housing prices are down.

It is easier to get a mortgage.

Less demand means more options for buyers.

Less demand means less competition with other buyers.

Fewer houses are on the market.

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When production is very high but demand is very low, it can lead to

a recession.

a recovery.

prosperity.

the peak.

Which event most likely explains renewed demand in a recovery period?

Consumers choose to save more and spend less.

Economic policy renews consumer confidence and demand.

Producers decrease prices to prompt demand and recovery.

Production decreases to prompt increased demand.

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