What must people taking out a mortgage agree to? check all that apply.
a loan amount
plans for repairs
an interest rate
renovation ideas
payment terms

The answers are; a loan amount, interest rate and payment terms. First it has to be determined a loan amount based on the purchase price and the down payment, then the interest rate will be suggested by the financial institution and may be somewhat negotiable if the bank or credit union has a good financial relationship with the client, ie good credit and then the terms of payment re how often to pay and it is usually advisable to pay by the week to pay down the interest faster and also find out how much can be paid back as lump sums and how often without a penalty.

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.

To be honest, here's what i think. i think the answer is (and i'm not exactly sure), that it is, both personal and household income.