_____ on credit by households and _____ interest rates set in motion the events that led to the 2007-2009 recession.

Question

Quizplus · Accepted Answer

Overspending on credit by households and low interest rates were key factors that contributed to the housing bubble and the subsequent financial crisis of 2007-2009. Low interest rates made borrowing cheaper, encouraging both individuals and institutions to take on more debt.

_____ on Credit by Households and _____ Interest Rates Set

_ on Credit by Households and _ Interest Rates Set