Proposed causes of the Great Recession include all of the following EXCEPT
A) irresponsible lending practices.
B) the bubble mentality.
C) high interest rates implemented by the Federal Reserve.
D) legislation promoting home ownership.
E) unencumbered access to global capital markets.

Question

Quizplus · Accepted Answer

High interest rates implemented by the Federal Reserve were not the cause of the Great Recession. In fact, the Federal Reserve lowered interest rates in an effort to combat the recession. All of the other answer choices are viable causes of the Great Recession.

Proposed Causes of the Great Recession Include All of the Following