Which of the following statements factors did not contribute to the 2007-2009 financial crisis?
A) The cultural shift that allowed the public to "spend now and pay later"-rather than their parents' or grandparents' philosophy of "save now, spend later" led to increases in consumer debt levels.
B) U.S. government officials engaged in efforts to expand home ownership by encouraging lenders to make mortgage loans available to a broader spectrum of individuals.
C) Businesses raising prices on goods and services.
D) The Federal Reserve adopted an expansionary monetary policy characterized by very low interest rates.

Question

Quizplus · Accepted Answer

Businesses raising prices on goods and services did not directly contribute to the 2007-2009 financial crisis. The other factors listed all played a role in creating the conditions that led to the crisis.

Which of the Following Statements Factors Did Not Contribute to the 2007-2009