The current crisis and the sharp decrease in output in 2010 had its origins in
A)housing market.
B)stock market.
C)bond market.
D)foreign exchange market.

Question

Quizplus · Accepted Answer

The housing market crash and subprime mortgage crisis in the United States in 2008 led to a chain reaction that spread throughout the global economy, causing a sharp decrease in output in 2010. Therefore, the origins of the current crisis can be traced back to the housing market.

The Current Crisis and the Sharp Decrease in Output in 2010