Which of the following events was largely responsible for the severity of the Great Recession?
A) Obama was elected president and congress was controlled by Democrats.
B) A very steep decline between 2006 and 2009 of gross private investment.
C) The TARP loans to the banks and the government investments in the automobile industry.
D) The stemulas bill and overspending by the federal government.
Correct Answer:
Verified
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