Which of the following did not directly cause the worldwide recession in 2007- 2008?
A) the decision by the government to bailout banks in 2008
B) easy access to credit in the U.S.
C) booming housing prices that ultimately dropped
D) a large number of home purchasers who were unable to afford the homes

Question

Quizplus · Accepted Answer

The decision to bailout banks in 2008 was a response to the recession, but it did not directly cause it. Easy access to credit in the U.S., booming housing prices, and a large number of home purchasers who were unable to afford the homes were the direct causes of the recession.

Which of the Following Did Not Directly Cause the Worldwide