The 2008 U.S.financial crisis led to a(n)______________that spread from high-income economies to lower-income economies.The economic slowdown particularly harmed countries located in the sub-Saharan Africa.

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Quizplus · Accepted Answer

The term "global economic recession" accurately describes the impact of the 2008 U.S. financial crisis, as it affected economies worldwide. It was not a depression or a shift in the economy, and "economic downturn" is too vague to accurately capture the severity and scope of the crisis. Additionally, sub-Saharan Africa was particularly vulnerable to the effects of the recession due to their reliance on exports and foreign investment.