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The Dominant Feature of the US Economic Model Prior to the 2008

Question 39

Multiple Choice

The dominant feature of the US economic model prior to the 2008 financial crisis was an inherently unstable combination of ________ and ________.


A) excessively low savings; excessively high borrowing
B) extreme financial deregulation; high government subsidies
C) extreme financial regulation; excessively high borrowing
D) excessively high borrowing; a housing market bubble

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