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)a large number of home purchasers who were unable to afford the homes
D)booming housing prices that ultimately dropped

Question

Quizplus · Accepted Answer

The decision by the government to bailout banks in 2008 was a response to the recession, but it did not directly cause it. The main factors that led to the recession were easy access to credit, the inability of many home purchasers to afford their homes and the subsequent collapse of the housing market.

Which of the Following Did NOT Directly Cause the Worldwide