The Great Recession of 2007-09 was triggered by a
A)steep rise in bond values.
B)steep decline in housing prices.
C)sharp increase in oil prices.
D)sharp decline in the value of the U.S.dollar.

Question

Quizplus · Accepted Answer

The Great Recession was primarily triggered by a steep decline in housing prices, which led to a financial crisis due to the collapse of mortgage-backed securities and the housing bubble burst.

The Great Recession of 2007-09 Was Triggered by a