Which of the following was most responsible for the "Great Recession"?

Question

Quizplus · Accepted Answer

The housing bubble and collapse of that market was the primary cause of the Great Recession. Lending institutions gave out loans to people who couldn't afford them, and when housing prices fell, these individuals could no longer afford their mortgage payments, leading to a wave of home foreclosures. This caused a ripple effect throughout the economy, affecting the financial and banking sectors and leading to a widespread recession. The dot-com bubble and outsourcing may have contributed to economic difficulties, but they were not the primary drivers of the Great Recession. The collapse of the auto industry was significant, but it was not the main cause of the recession.

Which of the Following Was Most Responsible for the "Great