What was one of the major reasons why the United States was slower to recover from the 2008-2009 recession than Canada?
A) Housing price declines in Canadian were much larger than in the United States.
B) Housing price declines in the United States were much larger than in Canada.
C) The impact of the rise in house prices on Canadian household consumption was greater.
D) The impact of the rise in house prices on American household consumption was greater.

Question

Quizplus · Accepted Answer

Housing price declines in the United States were much larger than in Canada. The housing market crash in the US was much more severe than in Canada, resulting in a greater impact on the overall economy and delaying the US recovery.

What Was One of the Major Reasons Why the United