The correct answer is:
Both home prices and mortgage interest rates tend to be lowest during recession
An economic recession is a period of time were economic activity slows down. Recessions generally occur when there is a drop in spending. This may be triggered by various events, such as a financial crisis, an external trade shock, an adverse supply shock or the bursting of an economic bubble. during this period home prices and mortgage interest rates are very low so this is benefitial for homebuyers.
Answer: asymmetric information
Explanation:
Asymmetric information is also called information failure, it occurs when one person possesses more material knowledge than the other person in a transaction. It occurs when the seller of a good or service has more adequate knowledge than the buyer of the goods.
Emma has more knowledge of the bicycle because he owns it than friedrich who wants to buy. Asymmetric information is often very important especially in a profession as it makes an individual stand out and makes such person continuously search for more knowledge to be a master in a field.
Depressed is a good way to put it, people lost all their life savings due to the stock market crash this is why they call it the great depression.
