The accompanying figure shows new U.S. housing starts, in thousands of units per month
Chapter 0, Problem 17(choose chapter or problem)
The accompanying figure shows new U.S. housing starts, in thousands of units per month, between January 1980 and September 2008. The graph shows a large drop in new housing starts in 19841991 and 20062008. New housing starts are related to the availability of mortgages. a. What caused the drop in new housing starts in 19841991? b.What caused the drop in new housing starts in 20062008? c. How could better regulation of financial institutions have prevented these two occurrences?
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