Which of the Following Statements Factors Did Not Contribute to the 2007-2009

question 17

Multiple Choice

Which of the following statements factors did not contribute to the 2007-2009 financial crisis?

• A) The cultural shift that allowed the public to "spend now and pay later"-rather than their parents' or grandparents' philosophy of "save now, spend later" led to increases in consumer debt levels.
• B) U.S. government officials engaged in efforts to expand home ownership by encouraging lenders to make mortgage loans available to a broader spectrum of individuals.
• C) Businesses raising prices on goods and services.
• D) The Federal Reserve adopted an expansionary monetary policy characterized by very low interest rates.

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Definitions:

Controversial Child

A child whose behaviors or characteristics lead to mixed or polarized reactions from peers and adults.