Regarding the financial crisis of 2008-2009, and Americans' spending habits, it is correct to say that:

Question

Quizplus · Accepted Answer

The correct statement is that since 2009, the ratio of consumer debt to GDP has come down notably. The ratio of consumer debt to GDP peaked in 2008 and has been steadily declining since then. Option A is incorrect as it mentions a time period before the financial crisis. Option B is also incorrect as it is contradictory to the fact that the ratio of consumer debt to GDP has been declining since 2009. Option D is incorrect as Option C is correct.

Regarding the Financial Crisis of 2008-2009, and Americans' Spending Habits