It is currently 20 Sep 2017, 13:24

### 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

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

# Events & Promotions

###### Events & Promotions in June
Open Detailed Calendar

# Ronald: According to my analysis of the national economy,

Author Message
TAGS:

### Hide Tags

Manager
Joined: 09 Jun 2009
Posts: 213

Kudos [?]: 317 [0], given: 6

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

### Show Tags

09 Dec 2009, 16:27
00:00

Difficulty:

(N/A)

Question Stats:

84% (01:12) correct 16% (01:28) wrong based on 47 sessions

### HideShow timer Statistics

17. 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

SUrely a wron OA. Can we discuss plz?

Kudos [?]: 317 [0], given: 6

Senior Manager
Affiliations: PMP
Joined: 13 Oct 2009
Posts: 298

Kudos [?]: 175 [1], given: 37

### Show Tags

09 Dec 2009, 21:29
1
KUDOS
17. 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 (Correct - coz Mark is trying to justify that even when Int.Rate fell, housing prices didn't increase, he must've thought Ronald meant that if Int. rate drops house prices 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

I think its B
_________________

Thanks, Sri
-------------------------------
keep uppp...ing the tempo...

Press +1 Kudos, if you think my post gave u a tiny tip

Kudos [?]: 175 [1], given: 37

Director
Joined: 01 Apr 2008
Posts: 879

Kudos [?]: 814 [0], given: 18

Name: Ronak Amin
Schools: IIM Lucknow (IPMX) - Class of 2014

### Show Tags

10 Dec 2009, 12:01
+1 for B.

Kudos [?]: 814 [0], given: 18

Manager
Joined: 28 Sep 2009
Posts: 61

Kudos [?]: 40 [0], given: 2

### Show Tags

17 Dec 2009, 14:28
Can anyone explain to me why not A
_________________

I am not born to be a GENIUS nor a GMATTER. If you are struggling, we are in the same boat. Fight to the last!!

Kudos [?]: 40 [0], given: 2

Manager
Joined: 17 Dec 2009
Posts: 51

Kudos [?]: 17 [0], given: 4

### Show Tags

18 Dec 2009, 09:32
I think is D
It can be inferred by the answer of Mark, that there are others factors which influence the price of house

Kudos [?]: 17 [0], given: 4

Manager
Joined: 25 Aug 2009
Posts: 165

Kudos [?]: 198 [1], given: 3

Location: Streamwood IL
Schools: Kellogg(Evening),Booth (Evening)
WE 1: 5 Years

### Show Tags

18 Dec 2009, 14:26
1
KUDOS
Lets simplify the statements
Roland : X will not go up unless Y goes down
Mark : When Y went Down X didn't change.

Mark thinks Roland is saying when Y goes down X will go up. Find the answer which says this.

(A) housing prices will rise only if interest rates fall X will go up when Y goes down (Wrong)
(B) if interest rates fall, housing prices must rise when Y goes down X must rise (Correct)
(C) interest rates and housing prices tend to rise and fall together X and Y rise together and fall together(Wrong)
(D) interest rates are the only significant economic factor affecting housing prices Only Y affects X (not even close)
(E) interest rates are likely to fall significantly in the next six months (not worth considering)
_________________

Rock On

Kudos [?]: 198 [1], given: 3

Director
Joined: 25 Aug 2007
Posts: 930

Kudos [?]: 1461 [0], given: 40

WE 1: 3.5 yrs IT
WE 2: 2.5 yrs Retail chain

### Show Tags

24 Apr 2010, 06:38
+1 for B.
As indicated by the Mark's first sentence-I disagree, This is simply a Logical formalism question. Negate the sentences and reverse it. You will get the answer.

If you need some info on Logical formalism then refer the link:
http://richardbowles.tripod.com/gmat/cr/logic.htm
_________________

Tricky Quant problems: http://gmatclub.com/forum/50-tricky-questions-92834.html
Important Grammer Fundamentals: http://gmatclub.com/forum/key-fundamentals-of-grammer-our-crucial-learnings-on-sc-93659.html

Kudos [?]: 1461 [0], given: 40

Manager
Joined: 05 Mar 2010
Posts: 205

Kudos [?]: 37 [0], given: 8

### Show Tags

25 Apr 2010, 10:48
One more vote for B
_________________

Success is my Destiny

Kudos [?]: 37 [0], given: 8

Manager
Joined: 07 Jan 2010
Posts: 240

Kudos [?]: 9 [0], given: 16

### Show Tags

26 Apr 2010, 09:37
I went for D, but seems the OA is B.

I guess I generalized it a bit too much. well...

Kudos [?]: 9 [0], given: 16

VP
Joined: 17 Feb 2010
Posts: 1480

Kudos [?]: 729 [0], given: 6

### Show Tags

26 Apr 2010, 11:41
would pick (B).

Kudos [?]: 729 [0], given: 6

Intern
Joined: 11 Apr 2012
Posts: 1

Kudos [?]: [0], given: 2

GMAT Date: 05-30-2012

### Show Tags

25 Jul 2012, 21:58
atish wrote:
Lets simplify the statements
Roland : X will not go up unless Y goes down
Mark : When Y went Down X didn't change.

Mark thinks Roland is saying when Y goes down X will go up. Find the answer which says this.

(A) housing prices will rise only if interest rates fall X will go up when Y goes down (Wrong)
(B) if interest rates fall, housing prices must rise when Y goes down X must rise (Correct)
(C) interest rates and housing prices tend to rise and fall together X and Y rise together and fall together(Wrong)
(D) interest rates are the only significant economic factor affecting housing prices Only Y affects X (not even close)
(E) interest rates are likely to fall significantly in the next six months (not worth considering)

I am not clear are there any differences between A & B? could u tell me?

Kudos [?]: [0], given: 2

GMAT Club Legend
Joined: 01 Oct 2013
Posts: 10167

Kudos [?]: 253 [0], given: 0

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

### Show Tags

12 Jul 2015, 04:30
Hello from the GMAT Club VerbalBot!

Thanks to another GMAT Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).

Want to see all other topics I dig out? Follow me (click follow button on profile). You will receive a summary of all topics I bump in your profile area as well as via email.

Kudos [?]: 253 [0], given: 0

Re: Ronald: According to my analysis of the national economy,   [#permalink] 12 Jul 2015, 04:30
Similar topics Replies Last post
Similar
Topics:
2 CR - 800Score - economy 16 29 Oct 2013, 09:05
6 An overly centralized economy, not the changes in the 19 16 Aug 2017, 07:23
18 Margaret: According to a report provided by the National Emp 9 04 Jul 2017, 01:04
10 Commerce Secretary: Over the past year, our nation’s economy grew at a 7 12 Mar 2017, 06:17
2 Ronald: According to my analysis of the national economy, 1 03 Jul 2016, 05:26
Display posts from previous: Sort by