When the U.S.housing Market Crashed,it Caused

question 12

Multiple Choice

When the U.S.housing market crashed,it caused:

• A)lenders to stop lending.
• B)banks to go bust.
• C)the U.S.economy to tip into the Great Recession.
• D)All of these statements are true.

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Definitions:

Arbitration Agreement

A contract in which parties agree to settle disputes outside of court through arbitration, a process involving a neutral third party.

Federal Law

Laws enacted by the national government of a country, which are supreme over state laws within its constitutional powers and apply to citizens and residents throughout the country.

Arbitrator's Decision

A final decision made by an arbitrator, who is a neutral third party, to resolve a dispute outside of court.

National Labor Relations Act

A foundational statute of US labor law which guarantees the rights of private sector employees to organize into trade unions, engage in collective bargaining, and take collective action such as strikes.