Which of the following explanations argues that the Great Recession resulted from asset-price bubbles caused by euphoria and debt-fueled speculation?
A) Minsky explanation.
B) Austrian explanation.
C) Stimulus explanation.
D) Structural explanation.

Question

Quizplus · Accepted Answer

The Minsky explanation argues that financial instability, driven by speculative bubbles and excessive borrowing, leads to economic crises like the Great Recession.

Which of the Following Explanations Argues That the Great Recession