The worldwide recession in 2007 started from
A) easy access to credit in the United States.
B) booming housing prices that ultimately dropped.
C) a large number of home purchasers who were unable to afford the homes.
D) All of the above are correct.

Question

Quizplus · Accepted Answer

Easy access to credit in the United States led to a housing bubble, where home prices increased rapidly. Many home purchasers were unable to afford the homes they purchased and defaulted on their mortgages, leading to a drop in housing prices. This, in turn, caused the collapse of the housing market and financial institutions, ultimately leading to a worldwide recession.

The Worldwide Recession in 2007 Started from