Macroeconomics 8th Edition by David Colander

تمرين 2

In the early 2000s, the demand for housing increased substantially asa.What was the likely effect of this on housing prices?
Demonstrate graphically.
b.In 2005, mortgage rates began increasing. What was the likely effect of this increase on housing prices?
Demonstrate graphically.
c.In a period of increasing demand for housing, would you expect housing prices to rise more in Miami suburbs, which had room for expansion and fairly