Which of the Following Was the Biggest Contributor to the Economic

question 15

Multiple Choice

Which of the following was the biggest contributor to the economic crisis that began in 2008?

• A)deregulation of the investment banking industry
• B)high levels of government spending
• C)increased wage demands by labor unions
• D)inflationary policies by the Federal Reserve

---

Definitions:

Expected Life

The estimated duration over which an asset is anticipated to be usable for its intended purpose, often affecting depreciation calculations.

Accrued Salaries

Salaries that have been incurred but not yet paid, representing a liability for the employer.

Salaries Expense

An expense recorded to represent wages or salaries paid to employees.

Salaries Payable

The liability account that contains the amounts of any salaries owed to employees, which have not yet been paid.