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Ronald: According to my analysis of the national economy,

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GMAT Club Legend
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Joined: 07 Jul 2004
Posts: 5034

Kudos [?]: 438 [0], given: 0

Location: Singapore
Ronald: According to my analysis of the national economy, [#permalink]

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New post 03 Sep 2005, 02:35
00:00
A
B
C
D
E

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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 [?]: 438 [0], given: 0

Senior Manager
Senior Manager
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Joined: 29 Nov 2004
Posts: 478

Kudos [?]: 34 [0], given: 0

Location: Chicago
 [#permalink]

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New post 03 Sep 2005, 05:10
A, B, D are all very in line, I choose B
_________________

Fear Mediocrity, Respect Ignorance

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Director
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Joined: 15 Aug 2005
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Kudos [?]: 75 [0], given: 0

Location: Singapore
 [#permalink]

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New post 03 Sep 2005, 05:27
Another vote for B
_________________

Cheers, Rahul.

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Senior Manager
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Joined: 13 Jan 2005
Posts: 330

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GMAT ToolKit User
 [#permalink]

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New post 03 Sep 2005, 07:20
B here.

GA

Kudos [?]: 3 [0], given: 12

GMAT Club Legend
GMAT Club Legend
User avatar
Joined: 07 Jul 2004
Posts: 5034

Kudos [?]: 438 [0], given: 0

Location: Singapore
 [#permalink]

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New post 05 Sep 2005, 08:23
OA is B.

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SVP
SVP
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Joined: 16 Oct 2003
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 [#permalink]

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New post 05 Sep 2005, 17:34
Got B.

Kudos [?]: 170 [0], given: 0

  [#permalink] 05 Sep 2005, 17:34
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Ronald: According to my analysis of the national economy,

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