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The Relationship Between Interest Rates as a Percent (X) and Housing

Question 75

Multiple Choice

The relationship between interest rates as a percent (X) and housing starts (Y) is given by the linear equation Y' = 4094 - 269X. What will be the number of housing starts if the interest rate rose to 16%?


A) 1875
B) 1785
C) -4094
D) Zero, since you can't have negative housing starts.

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