All of the following illustrate lessons learned regarding the 2008-2009 financial crisis, except
A) housing conditions have a strong impact on the economy.
B) economic conditions affect the demand for homes.
C) sellers were able to attract potential buyers by slightly reducing sale prices.
D) allowing unqualified mortgage applicants to qualify for mortgages hurt the housing market.

Question

Quizplus · Accepted Answer

The 2008-2009 financial crisis taught many lessons, including the strong impact of housing conditions on the economy, how economic conditions affect home demand, and the negative effects of allowing unqualified applicants to obtain mortgages. However, the crisis was not characterized by sellers attracting buyers through slight price reductions; instead, it involved more systemic issues like high-risk mortgage lending and the bursting of the housing bubble.

All of the Following Illustrate Lessons Learned Regarding the 2008-2009