Which of the following was an effect of the 2008 global economic crisis?
A) Sharp rises in property values
B) Layoffs numbering the in the millions
C) The stock market gaining in value
D) Home foreclosure rates steeply declining

Question

Quizplus · Accepted Answer

The 2008 global economic crisis resulted in numerous layoffs across industries, leading to significant unemployment rates and financial hardships for many individuals and families. The crisis also destabilized many economies and caused a decline in the value of stocks and other assets, making Option C unlikely. Option A is also unlikely, as the crisis led to a decline in property values, not sharp rises. Although some government policies were implemented to help struggling homeowners, home foreclosure rates remained high for several years after the crisis, making Option D inaccurate.

Which of the Following Was an Effect of the 2008