HELP PLEASE

Read the graph about mortgage interest rates and housing starts between 1978 and 1983.

2 graphs are shown. The first graph is titled 30 year standard mortgage interest rates from 1978 to 1983, with year on the x-axis and interest rate on the y-axis, from 5 to 20 in increments of 5. The second graph is titled housing starts from 1978 to 1983, with year on the x-axis and number of new houses started in millions. In 1983, the interest rated dropped and the number of houses started increased.

A conclusion that can be drawn from both graphs by looking at 1983 is that interest rates

dropped, which led to more home starts.
peaked, while home starts bottomed out.
climbed, which led to fewer home starts.
bottomed out, while home starts peaked.

Question

11-05-2020
Social Studies

contestada

HELP PLEASE

Read the graph about mortgage interest rates and housing starts between 1978 and 1983.

2 graphs are shown. The first graph is titled 30 year standard mortgage interest rates from 1978 to 1983, with year on the x-axis and interest rate on the y-axis, from 5 to 20 in increments of 5. The second graph is titled housing starts from 1978 to 1983, with year on the x-axis and number of new houses started in millions. In 1983, the interest rated dropped and the number of houses started increased.

A conclusion that can be drawn from both graphs by looking at 1983 is that interest rates

dropped, which led to more home starts.
peaked, while home starts bottomed out.
climbed, which led to fewer home starts.
bottomed out, while home starts peaked.

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parislee1233 parislee1233 · Answer 1 · 2021-02-26T17:16:25+01:00

parislee1233 parislee1233

26-02-2021

Answer:

A.

Explanation:

edg 2020

Answer Link

deebikamadhivanan deebikamadhivanan · Answer 2 · 2022-02-13T13:30:09+01:00

Kindly follow the charts attached below for proper understanding. The charts display that Option (a) is the correct answer.

What is the conclusion of the graphs?

Around the year 1983, we can detect a substantial spike in interest rates in the first graph.

In the second graph, we can notice an increase in home starts at the same time.

Interest rates soared in the 1980s, reaching as high as 17-18% in some cases. Families found it difficult to purchase a home as a result of this (by comparison, interest rates nowadays are around 3-5 percent ).

The high-interest rates were an attempt to keep inflation under control.

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