Which of the following best summarizes the main causes of the Great Recession?
A) Oil-producing countries deliberately raised the price of petroleum,leading to inflation and a deep recession.
B) The Federal Reserve raised short-term interest rates very high in an effort to decrease inflation,which also drove the economy into a recession.
C) The end of overseas war efforts led to a deep decrease in federal spending,which reduced employment and caused a recession.
D) The stock market collapsed following the end of a bubble in technology stock prices,which caused a decrease in investment spending and a recession.
E) The collapse of housing prices led to decreased wealth and significant problems in financial markets,as well as a decrease in expected income and a stock market collapse.
Correct Answer:
Verified
Q5: The Great Recession was similar to other
Q6: Use the following graph to answer the
Q7: The Great Recession lasted for _ months.
A)
Q8: The Great Recession lasted from _ to
Q9: The Great Recession was similar to most
Q11: Use the following graph to answer the
Q12: The Great Recession ended in
A) June 2009.
B)
Q13: During the Great Recession,a major financial crisis
Q14: During the Great Recession,there was a financial
Q15: The Great Recession was different from other
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