Which of the Following Factors Contributed to the 2008 Economic

question 138

Multiple Choice

Which of the following factors contributed to the 2008 economic recession in the United States?

• A)Housing wealth fell causing consumers to become more pessimistic about the economy.
• B)The stock market plummeted causing the real wealth of Americans to decrease.
• C)As the recession spread to other countries,falling incomes abroad depressed aggregate demand in the United States even more.
• D)All of the above.

---

Definitions:

Raw Materials

The unprocessed natural resources or substances that are used in the manufacturing of goods, providing the basic material from which products are made.

Finished Products

Goods that have completed the manufacturing process but have not yet been sold or distributed to the end user.

JIT Action

An initiative or measure taken to implement Just-In-Time production, aiming to reduce waste by receiving goods only as they are needed in the production process.

Inventory

Inventory is the quantity of goods that a business has on hand, including materials, components, and finished products.