Which of the following was TRUE about the financial crisis of 2008?
A)it started in the U.S., but quickly spread to global financial markets
B)as credit markets froze, U.S. businesses had trouble financing their inventories
C)the recession that followed in the U.S. might have been a lot worse if the government hadn't undertaken decisive monetary and fiscal policy measures
D)all of the above
E)only A)and C)

Question

Quizplus · Accepted Answer

All of the statements are true about the financial crisis of 2008. It started in the U.S. but quickly spread to global financial markets, credit markets froze causing problems for U.S. businesses, and the recession that followed in the U.S. might have been worse if the government hadn't taken monetary and fiscal policy measures.

Which of the Following Was TRUE About the Financial Crisis