Which of these factors can explain the short recession experienced by the U.S.in 2001?
A)Terrorist attacks
B)The stock market crash
C)Bursting of the real estate bubble
D)A rise in international oil prices
E)Expenditure on war

Question

Quizplus · Accepted Answer

The terrorist attacks on September 11, 2001, led to a decrease in consumer and investor confidence, fiscal policy changes, and increased risk in the economy, all contributing to the short recession experienced by the U.S.

Which of These Factors Can Explain the Short Recession Experienced