One reason the decline in asset prices just before and during the 2008 recession undermined the health of the economy is that they:
A)raised the value of the dollar making U.S. goods more expensive to foreigners.
B)raised the trade deficit when foreigners reduced purchases of U.S. assets.
C)led to a contraction in consumer loans because the value of collateral declined.
D)undermined consumer and business confidence.

Question

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The Answer of One reason the decline in asset prices just before and during the 2008 recession undermined the health of the economy is that they:
A)raised the value of the dollar making U.S. goods more expensive to foreigners.
B)raised the trade deficit when foreigners reduced purchases of U.S. assets.
C)led to a contraction in consumer loans because the value of collateral declined.
D)undermined consumer and business confidence.

One Reason the Decline in Asset Prices Just Before and During