The worldwide recession in 2007 started from:
A)easy access to credit in the U.S.
B)booming housing prices that ultimately dropped.
C)a large number of home purchasers who were unable to afford the homes.
D)All of the above are correct.

Question

Quizplus · Accepted Answer

All three factors (A, B, and C) played a role in the worldwide recession in 2007. Easy access to credit in the U.S. led to a housing boom, which in turn resulted in inflated housing prices. When the bubble eventually burst, many homeowners found that they couldn't afford their homes, which caused the crisis to spread beyond the housing market and into the broader economy.

The Worldwide Recession in 2007 Started From