Which of the following was a result of the 2008-2009 financial crisis?
A) a stock market crash greater than the Great Depression
B) double-digit inflation
C) lack of capital and mass layoffs
D) increased investment in mortgage securities

Question

Quizplus · Accepted Answer

The 2008-2009 financial crisis led to a significant lack of capital as banks and financial institutions faced liquidity issues, which in turn resulted in mass layoffs across various sectors due to businesses cutting costs and struggling to secure financing.

Which of the Following Was a Result of the 2008-2009