Question

Read the graph about mortgage interest rates and housing starts between 1978 and 1983.

2 graphs are shown. The first graph is titled 30 year standard mortgage interest rates from 1978 to 1983, with year on the x-axis and interest rate on the y-axis, from 5 to 20 in increments of 5. The second graph is titled housing starts from 1978 to 1983, with year on the x-axis and number of new houses started in millions. In 1983, the interest rated dropped and the number of houses started increased.

A conclusion that can be drawn from both graphs by looking at 1983 is that interest rates

dropped, which led to more home starts.
peaked, while home starts bottomed out.
climbed, which led to fewer home starts.
bottomed out, while home starts peaked.
Mark this and return

Answer 1

dropped, which led to more home starts.