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:

Consumer Habits

Patterns or tendencies in purchasing behavior displayed by individuals or groups as they buy products or services.

Imperialism

Is the economic domination of one country by another.

Colonialism

Is the direct political control of one country by another.

Economic Domination

The condition where one country, corporation, or individual exerts significant control over the economic activities and decisions within a region or worldwide.