Faulty expectations concerning rising property values had what effect on consumers? O Household debt as a percentage of income fell as consumers moved savings from financial to real assets. O Home-owners took out larger loans than they could afford assuming they later could refinance their loans at higher home prices. Real income decreased as rising property values caused an increase in the economy's price level. O Employment increased as firms made business decisions based on inflated asset values.What effect did rising property values have on U.S. household debt as a percentage of income? O It caused a decrease because the ratio of mortgage loan balance to home value declined. O It caused an increase because households used second mortgages to finance consumer spending O It caused an increase because households defaulted on loans when the housing bubble popped. It caused a decrease because the overall level of consumer wealth increased