A likely explanation for the 2008-2009 recession is
A) an increase in energy prices.
B) financial market problems.
C) a drastic reduction in government expenses.
D) an increase in taxes.

Question

Quizplus · Accepted Answer

The 2008-2009 recession was largely caused by financial market problems, particularly related to the housing market and the subprime mortgage crisis. This led to a collapse in the banking sector and widespread economic fallout. While increases in energy prices, reductions in government expenses, and increases in taxes may have had some impact, they were not the primary cause of the recession.

A Likely Explanation for the 2008-2009 Recession Is