The recession in the United States during the 2007-09 period are best explained by changes in fiscal policy.

Question

Quizplus · Accepted Answer

The recession in the United States during the 2007-09 period was primarily caused by a housing market crash and financial crisis, which were driven by factors such as subprime mortgages and risky investments. While fiscal policy may have played a role in attempting to address the recession, it was not the primary cause of the downturn.

The Recession in the United States During the 2007-09 Period