A higher interest rate is only one of the factors, albeit an important one, that keeps the housing market from spiraling out of control, like it did earlier in the decade
the right answer choice is as folllows:
keep the housing market from spiraling out of control, as it did
However, the answer choice ignores that "of is just the middleman". The manhattan sc book explains that eliminate the "of" construction to see the true subject of the sentence. Using the same method, one establishes that "one" is the subject, which is an important one. But the answer choice calls it wrong and indicates that "factors" is the true subject and should be matched with the correct verb "keep".
Besides the above discrepancy, the rest of the sentence is singular as "the factors that keep housing market from spiralling out of control, as it did" if the subject was plural then the pronoun used should also have been plural, which is not the case.
Can the instructor throw more light on the above topic and explain rationale for the given answer choice.
Thanks
Best
Divya