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True or false "joe and tess mcgreen are purchasing their first home in durham, north carolina. they are seeking pre-qualification on a home loan. the unemployment rate for north carolina is 10.2% and gdp is declining. chances are pretty good that the fed will raise interest rates in order to loosen the supply of money, resulting in a more expensive loan for joe and tess."

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Kalahira
False. Since the GDP is declining, the fed will try to reduce the unemployment rate, which will uplift the GDP and also increase the purchasing power of the customers. As a result, the home loans will become cheaper and Joe and Tess will get the home loans at a cheaper rate.

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