Which of These Factors Can Explain the Short Recession Experienced

question 29

Multiple Choice

Which of these factors can explain the short recession experienced by the U.S.in 2001?

• A)Terrorist attacks
• B)The stock market crash
• C)Bursting of the real estate bubble
• D)A rise in international oil prices
• E)Expenditure on war

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Definitions:

Ratification

The formal approval or confirmation of an agreement, treaty, constitution, or law, making it officially valid and binding.

Southern Legislatures

The legislative bodies governing the states in the southern United States, particularly in reference to periods of significant historical context, such as during Reconstruction or the Civil Rights Movement.

Union Army

The Union Army was the land force that fought for the Northern states during the American Civil War (1861-1865).

State Constitutional

Pertaining to the fundamental principles or established precedents according to which a state is acknowledged to be governed.