Housing Demand Is Affected Significantly by Changes in Monetary Policy

Housing demand is affected significantly by changes in monetary policy because

A) the rental price of housing is dominated by the real interest rate, the major vehicle through which monetary policy generates its short-run effectiveness.
B) the rental price of housing is dominated by the rate of inflation of consumer prices, the major target of monetary policy in the United States.
C) the price of housing is extremely sensitive to changes in the nominal rate of interest, the major vehicle through which monetary policy generates its short-run effectiveness.
D) of the long-run potency of monetary policy in influencing GDP.
E) none of the above.