When the housing bubble collapsed in 2007,____ rose significantly,and the Fed ____ interest rates.
A) inflation;increased
B) unemployment;increased
C) unemployment;lowered
D) inflation;lowered

Question

Quizplus · Accepted Answer

The collapse of the housing bubble led to a financial crisis and recession, causing unemployment to rise. In response, the Federal Reserve lowered interest rates to stimulate the economy.

When the Housing Bubble Collapsed in 2007,____ Rose Significantly,and the Fed