Question: For theWeek 5 Critical Thinking Exercise, youwill explainthe Keynesian view to enacting tighter federal restrictions on mortgage lending practices including requiring higher down payment levels

For theWeek 5 Critical Thinking Exercise, youwill explainthe Keynesian view to enacting tighter federal restrictions on mortgage lending practices including requiring higher down payment levels and increasing the minimum credit score required to approve housing loans.A major contributor to the 2008-2009 Great Recession was the housing market "bust" that was characterized by rising home values that caused the AD curve to shift to the right as more household saw an increase in wealth due to the appreciation.Explain based on your readings and supplementary resources, how would such a shift in regulatory policy impact the housing market and pricing?For support you can utilize information from the National Association of Realtors at the links below.

https://www.nar.realtor/news-releases/2017/06/existing-home-sales-rise-11-percent-in-may-median-sales-price-ascends-to-new-high

https://www.nar.realtor/research-and-statistics/housing-statistics

Note, the course textbook can be a citation as a source for your assignment along with any other websites such as the National Association of Realtors (https://www.nar.realtor/) used to gather and report responses to these questions.

Association of Realtors (https://www.nar.realtor/) used to gather and report responses to these questions.

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