The global financial crisis that spread to Canada in late 2008 has been dubbed:
A)The housing bubble crash.
B)The great financial crisis.
C)The great recession.
D)The great depression.

Question

Quizplus · Accepted Answer

The global financial crisis that spread to Canada in late 2008 is commonly referred to as the "great recession" due to its significant impact on economies worldwide. It was a period of widespread economic decline and high unemployment rates, with many households and businesses struggling financially. The other options, "housing bubble crash" and "great depression," do not fully encompass the scope and impact of the crisis. "The great financial crisis" is a less commonly used term.

The Global Financial Crisis That Spread to Canada in Late