Joe is discussing the causes of the Great Recession of 2008.All of the following comments about that event are correct EXCEPT:
A) "It began with a bursting of a housing bubble-and a dramatic decline in real estate prices."
B) "It caused strapped consumers to spend less."
C) "It produced widespread layoffs."
D) "Its effects were mainly confined to the northern United States."
Correct Answer:
Verified
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