Buying a house during a recession may be a good idea if your job is secure because the Federal Reserve often
A)raises interest rates during recessions.
B)lowers interest rates during recessions.
C)lowers income taxes during recessions.
D)sells Treasury bills to help the housing market.

Question

Quizplus · Accepted Answer

During a recession, the Federal Reserve typically lowers interest rates in an effort to stimulate the economy. This often results in lower mortgage rates for homebuyers, which can make buying a house during a recession a good idea. However, it is important to note that job security is also a crucial factor to consider when making a big purchase like a house during an economic downturn.

Buying a House During a Recession May Be a Good