The Great Recession was the result of:
A)two negative demand shocks.
B)a negative demand shock and a negative inflation shock.
C)two positive inflation shocks.
D)a negative demand shock and a positive inflation shock.

Question

Quizplus · Accepted Answer

The Great Recession was caused by a negative demand shock (the collapse of the housing market) and a negative inflation shock (the decline in oil prices).

The Great Recession Was the Result Of