It is currently 19 Nov 2017, 23:30

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Close

Request Expert Reply

Confirm Cancel

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

Ronald: According to my analysis of the national economy,

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
VP
VP
User avatar
Joined: 13 Jun 2004
Posts: 1111

Kudos [?]: 51 [0], given: 0

Location: London, UK
Schools: Tuck'08
Ronald: According to my analysis of the national economy, [#permalink]

Show Tags

New post 22 Mar 2005, 20:03
00:00
A
B
C
D
E

Difficulty:

(N/A)

Question Stats:

0% (00:00) correct 0% (00:00) wrong based on 0 sessions

HideShow timer Statistics

Ronald: According to my analysis of the national economy, housing prices should not increase during the next six months unless interest rates drop significantly.
Mark: I disagree. One year ago, when interest rates last fell significantly, housing prices did not increase at all.
It can be inferred from the conversation above that Mark has interpreted Ronald’s statement to mean that :

(A) housing prices will rise only if interest rates fall
(B) if interest rates fall, housing prices must rise
(C) interest rates and housing prices tend to rise and fall together
(D) interest rates are the only significant economic factor affecting housing prices
(E) interest rates are likely to fall significantly in the next six months

Kudos [?]: 51 [0], given: 0

GMAT Club Legend
GMAT Club Legend
User avatar
Joined: 07 Jul 2004
Posts: 5032

Kudos [?]: 453 [0], given: 0

Location: Singapore
 [#permalink]

Show Tags

New post 22 Mar 2005, 20:08
(B). Mark has interpreted Ronald's analysis as a definite relationship between housing prices and interest rates.

Kudos [?]: 453 [0], given: 0

Manager
Manager
avatar
Joined: 07 Mar 2005
Posts: 178

Kudos [?]: 13 [0], given: 0

 [#permalink]

Show Tags

New post 22 Mar 2005, 23:56
A and B are kinda vice versa of each other......
i guess it is D

its a more general and broad estimation!
_________________

i hate when people do'nt post the OA, it leaves in guessing!!!!

Kudos [?]: 13 [0], given: 0

VP
VP
avatar
Joined: 26 Apr 2004
Posts: 1205

Kudos [?]: 844 [0], given: 0

Location: Taiwan
Re: CR - houses and interest rates [#permalink]

Show Tags

New post 23 Mar 2005, 00:20
Antmavel wrote:
Ronald: According to my analysis of the national economy, housing prices should not increase during the next six months unless interest rates drop significantly.
Mark: I disagree. One year ago, when interest rates last fell significantly, housing prices did not increase at all.
It can be inferred from the conversation above that Mark has interpreted Ronald’s statement to mean that :

(A) housing prices will rise only if interest rates fall
(B) if interest rates fall, housing prices must rise
(C) interest rates and housing prices tend to rise and fall together
(D) interest rates are the only significant economic factor affecting housing prices
(E) interest rates are likely to fall significantly in the next six months


Ronald: if rates don't drop --> housing price shouldn't increase.
Mark: rates drop ->housing price didn't increase

Mark's and Ronald's argument are converse. In other words, Mark thought Ronald's argument that "rates drop---> housing price must increase."

pick B .

Kudos [?]: 844 [0], given: 0

VP
VP
User avatar
Joined: 13 Jun 2004
Posts: 1111

Kudos [?]: 51 [0], given: 0

Location: London, UK
Schools: Tuck'08
 [#permalink]

Show Tags

New post 24 Mar 2005, 06:55
OA is B :done

Kudos [?]: 51 [0], given: 0

  [#permalink] 24 Mar 2005, 06:55
Display posts from previous: Sort by

Ronald: According to my analysis of the national economy,

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  

Moderators: GMATNinjaTwo, GMATNinja



GMAT Club MBA Forum Home| About| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.