Which of the following factors was most responsible for making America's sub-prime mortgage crisis into a global recession?
A) Rapidly increasing U.S. unemployment.
B) Growing economic interdependence.
C) The size of the U.S. budget deficit.
D) The rapid increase in U.S. home prices.

Question

Quizplus · Accepted Answer

Growing economic interdependence meant that financial systems and economies worldwide were closely connected, so the impact of the sub-prime mortgage crisis in the U.S. quickly spread globally, affecting financial markets and economies around the world.

Which of the Following Factors Was Most Responsible for Making