The Great Recession Was Triggered by a

question 104

Multiple Choice

The Great Recession 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.

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Definitions:

New York City

A major metropolitan city located in the state of New York, known for its significant cultural, financial, and media influence both nationally and internationally.

Wealth

The abundance of valuable resources or material possessions.

Labor

The work performed by individuals that contributes to the production of goods and services in an economy, often in exchange for wages.