Which of the following most accurately describes the recent financial crisis in the United States?
A)a depression
B)a mild recession
C)a severe recession
D)an inflationary cycle

Question

Quizplus · Accepted Answer

The recent financial crisis in the United States, which began in 2008, was a severe recession. This period saw a significant decrease in economic activity and employment, as well as a decline in asset values, particularly housing. The crisis was caused by a number of complex factors, including lax lending practices, failed regulatory oversight, and the proliferation of complex financial instruments. The crisis resulted in significant government intervention to stabilize financial markets and prevent an even greater economic collapse.

Which of the Following Most Accurately Describes the Recent Financial