The Great Recession that started in 2007 was triggered by shocks in which of the following economic sectors?

Question

Quizplus · Accepted Answer

The Great Recession was triggered by a collapse in the real estate market, particularly the subprime lending market, which caused a ripple effect throughout the financial sector. This ultimately led to a recession that impacted consumer and government spending, as well as international trade and foreign exchange markets, but those were not the primary triggers. The gold market and stock market were also impacted, but again, those were not the primary triggers.

The Great Recession That Started in 2007 Was Triggered by Shocks