Which of the following is not blamed for causing the recession of 2008?
A) the bursting of the real estate bubble.
B) lax government regulation of the financial services industry.
C) decreased consumer credit card use.
D) unscrupulous lending practices and risky mortgages.
E) frozen credit by banks.

Question

Quizplus · Accepted Answer

The recession of 2008 was primarily caused by factors such as the bursting of the real estate bubble, lax government regulation, unscrupulous lending practices, and banks freezing credit. Decreased consumer credit card use was not a cause of the recession; rather, it was a consequence of the broader financial crisis and economic downturn.

Which of the Following Is Not Blamed for Causing the Recession