Which of the following factors contributed to the 2008 economic recession in the United States?
A)Housing wealth fell causing consumers to become more pessimistic about the economy.
B)The stock market plummeted causing the real wealth of Americans to decrease.
C)As the recession spread to other countries,falling incomes abroad depressed aggregate demand in the United States even more.
D)All of the above.

Question

Quizplus · Accepted Answer

All of the factors listed above contributed to the 2008 economic recession in the United States. The housing market crash led to a decrease in consumer confidence, and the decline in the stock market reduced the real wealth of Americans. Additionally, the recession spread to other countries, which further depressed aggregate demand in the United States.

Which of the Following Factors Contributed to the 2008 Economic