Which of the following is most central to the understanding of the economic crisis of 2008?
A) The decline of the stock market in late 2007.
B) The housing boom (2001-2005) and bust (2007-2008).
C) The sharp rise in oil prices in 2008.
D) Unethical investment practices beginning in 2000.

Question

Quizplus · Accepted Answer

The housing boom and bust were central to the 2008 economic crisis, as the collapse of the housing market led to a financial crisis due to the widespread use of mortgage-backed securities and the failure of major financial institutions.

Which of the Following Is Most Central to the Understanding