The Recession of 2008-2009 Was Preceded by

question 50

Multiple Choice

The recession of 2008-2009 was preceded by

• A)a sharp decline in housing prices.
• B)large losses among financial institutions that owned mortgage-backed securities.
• C)rises in mortgage defaults and home foreclosures.
• D)all of the above

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Definitions:

Executive Orders

Directives issued by the President of the United States that manage operations of the federal government.

Administrative Law

The body of law that governs the activities of administrative agencies of government, including rulemaking, adjudication, or enforcement of a specific regulatory agenda.

Complexity

Characteristic of a system or process that has multiple components interacting in varied and intricate ways, leading to unpredictable outcomes and behaviors.

Civil Lawsuit

A legal dispute between two or more parties seeking relief or compensation, initiated by the filing of a complaint in a civil court.