The Great Recession 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 triggered by a steep decline in housing prices, which led to a collapse in the subprime mortgage market and then spread throughout the entire financial system. This housing crisis resulted in a major recession that affected the entire world economy.

The Great Recession Was Triggered by a