Which of the following describes the relationship between the decline in asset prices and the recession for both Japan in the 1990s and the United States in 2008-2009?
A) A recession was responsible for the decline in stock market and real estate prices.
B) The decline in stock market and real estate prices preceded the recession and was a major cause of an economic downturn.
C) Both the decrease in real estate prices and an economic recession were the result of a stock market crash.
D) The decline in stock market and real estate prices,and the economic recession were separate events and there was no relationship between the two.
Correct Answer:
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