The severe recession of 2008 - 2009 was precipitated by:
A)a slowdown in productivity.
B)a combination of excessive money and financial frenzy.
C)a combination of a decrease in the money supply and financial frenzy.
D)A combination of a decrease in money and a productivity slowdown.

Question

Quizplus · Accepted Answer

The severe recession of 2008-09 was precipitated by a combination of excessive money and financial frenzy, which in turn led to a housing bubble, risky mortgage lending, and a subsequent collapse of the financial system.

The Severe Recession of 2008 - 2009 Was Precipitated By