The Great Recession of 2007-09 was triggered by a:
A) Steep rise in bond values
B) Steep decline in housing prices
C) Sharp increase in oil prices
D) Sharp decline in the value of the U.S. dollar

Question

Quizplus · Accepted Answer

The Great Recession of 2007-09 was triggered by a steep decline in housing prices, which led to mortgage defaults and foreclosures, ultimately causing a collapse in the financial system.

The Great Recession of 2007-09 Was Triggered by A