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 increases in Canadian were much larger than in the United States.
B) Housing price increases in the United States were much larger than in Canada.
C) The impact of the fall in house prices on Canadian household consumption was greater.
D) The impact of the fall in house prices on American household consumption was greater.

Question

Quizplus · Accepted Answer

The impact of the fall in house prices on American household consumption was greater. The United States experienced a larger housing market crash than Canada, which led to greater declines in wealth and consumer spending. Additionally, the United States had a larger financial sector that was heavily impacted by the crisis, leading to more severe economic consequences.

What Was One of the Major Reasons Why the United