True or False:
1. If the loanable funds supply curve shifted right, it would cause a temporary surplus of loanable funds, which would result in a lower real interest rate.
2. There were only one or two major contributing factors to the financial crisis of 2008.
3. The housing market decline after 2006 was roughly similar throughout the United States.
4. Worldwide interest rates were low early in the twenty-first century in part because of a large amount of savings in emerging markets.
5. Maintaining very low real interest rates for a substantial period of time contributed to the housing price run-up.
6. Fannie Mae and Freddy Mac encouraged the lowering of standards for low-income families in an effort to increase homeownership.
7. Allowing mortgage borrowers to borrow with little or no money down increased the number of high-risk borrowers.
8. In 2006, a substantial minority of subprime loans were hybrid loans.