Explanations About What Caused the Great Recession Differ Sharply Among

question 147

Multiple Choice

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.

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