Which of the following does your author suggest is NOT a lesson learned from the the Great Recession of 2007 -2009?
A)Individuals and firms that took on too much debt suffered dramatically.
B)Firms and individuals that relied too heavily on short-term debt to finance long-term assets suffered when financial liquidity dried up.
C)The crisis started in and was mostly limited to the collapse of the U.S.housing market.
D)All of the above.

Question

Quizplus · Accepted Answer

The author does not suggest that the crisis was limited to the collapse of the U.S. housing market. In fact, the author notes that the crisis started in the housing market but quickly spread to other sectors of the economy. Therefore, the correct answer is C.

Which of the Following Does Your Author Suggest Is NOT