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.

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Definitions:

Via

A term used to indicate the route or means through which something is delivered or achieved.

Edelman Trust Barometer

An annual survey conducted by Edelman, measuring public trust in institutions such as businesses, government, NGOs, and media across the globe.

Disenfranchisement

The removal of the right to vote or other rights of citizenship, either through legal or illegal means, often affecting marginalized groups.

Markets

Places or systems where parties engage in exchange of goods, services, or information, often determined by supply and demand.