Contributing factors of the recession of 2007-2009 included all of the following EXCEPT

Question

Quizplus · Accepted Answer

The recession of 2007-2009, also known as the Great Recession, was primarily caused by factors related to the housing market and financial sector, such as widespread foreclosures, inflated housing prices, irresponsible lending by banks, and excessive borrowing by consumers. An unstable political process was not a direct contributing factor to the recession.

Contributing Factors of the Recession of 2007-2009 Included All of the Following