Explanations about what caused the Great Recession differ sharply among economists. The so-called Austrian Explanation involves the following factors, except:
A) A massive euphoric bubble in housing prices that popped
B) Government actions that kept interest rates very low for a long period
C) Excessive borrowing for consumption, construction, and investment
D) A huge negative demand shock in the economy

Question

Quizplus · Accepted Answer

The Answer of Explanations about what caused the Great Recession differ sharply among economists. The so-called Austrian Explanation involves the following factors, except:
A) A massive euphoric bubble in housing prices that popped
B) Government actions that kept interest rates very low for a long period
C) Excessive borrowing for consumption, construction, and investment
D) A huge negative demand shock in the economy

Explanations About What Caused the Great Recession Differ Sharply Among