Homework Answers
Answer
If the government enacts legislation which allows lenders to lower lending standards, the government indirectly increased the demand for which leads to lower house prices.
This because lower lending standards will lead to lower formality for getting a loan so people will take the more loan so it will lead to an increase in demand. From the Inverse demand function, we can say that an increase in quantity demanded will lead to lower prices.
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If the government enacts legislation which allows lenders to lower lending standards, the government indirectly the...
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Multiple Choice
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