Writing in the Wall Street Journal in 2009,economist Jeremy Siegel argued that,in the years leading up to the financial crisis of 2008-2009,
A)financial firms acted in too risky a fashion.
B)the Federal Reserves's efforts to rein in the risky behavior of certain financial firms were inadequate.
C)falling house prices "crashed the banks and the economy."
D)All of the above are correct.

Question

Quizplus · Accepted Answer

All of the choices listed are correct according to the article by economist Jeremy Siegel. He argued that financial firms acted in too risky a fashion, the Federal Reserve's efforts to prevent such behavior were insufficient, and falling house prices ultimately caused both the banks and the economy to crash.