Interest rates were high during the middle years of the period from 2002 to 2014 and then decreased primarily because:
A) the supply of loanable funds steadily increased.
B) the supply of loanable funds steadily decreased.
C) the demand for loanable funds decreased and then increased because of conditions in the housing market.
D) the demand for loanable funds increased and then decreased because of conditions in the housing market.
Correct Answer:
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