All of the Following Factors Came Together in 2007-09 to Cause

question 14

Multiple Choice

All of the following factors came together in 2007-09 to cause a sharp drop in consumer spending EXCEPT

• A)asset pyramid.
• B)the end of the housing price bubble.
• C)stock market crash.
• D)increase in household liabilities.

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Definitions:

Asian Countries

Refers to nations located on the continent of Asia, including, but not limited to, China, India, Japan, and South Korea.

Bipolar Disorder

A mental health condition characterized by significant mood swings, including manic (or hypomanic) and depressive episodes, affecting one's behavior and functioning.

Schizophrenia

A grave mental illness defined by abnormalities in thought processes, awareness, moods, speech, self-conception, and activities.

Major Depression Disorder

A mental disorder characterized by a persistent and intense feeling of sadness or despair and/or a lack of interest in things that once brought joy, affecting daily functioning.