[Answer] 15. The Great Recession that started in 2007 was triggered by shocks in which of the following economic sectors?

Answer: C. Real estate and financial markets
15. The Great Recession that started in 2007 was triggered by shocks in which of the following economic sectors?

The Great Recession was a period of marked general decline observed in national economies globally that occurred between 2007 and 2009.The scale and timing of the recession varied from country to country (see map). At the time the International Monetary Fund (IMF) concluded that it was the most severe economic and financial meltdown since the Great …

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Sat Oct 02 2010 14:30:00 GMT-0400 (Eastern Daylight Time) · The Great Recession in the United States was a severe financial crisis combined with a deep recession . While the recession officially lasted from December 2007 to June 2009 it took many years for the economy to recover to pre-crisis levels …

Wed Sep 17 2008 14:30:00 GMT-0400 (Eastern Daylight Time) · The crisis sparked the Great Recession which at the time was the most severe global recession since the Great Depression. It was also followed by the European debt crisis which began with a deficit in Greece in late 2009 and the …

Many factors directly and indirectly caused the Great Recession that started in 2008 with the US subprime mortgage crisis.The major causes of the initial subprime mortgage crisis and following recession include the Federal Reserve lowering the Federal funds rate and creating a flood of liquidity in the economy international trade imbalances and lax lending standards contributing to high …

Sat Sep 15 2001 14:30:00 GMT-0400 (Eastern Daylight Time) · The Great Depression was a severe worldwide economic depression that took place mostly during the 1930s beginning in the United States.The timing of the Great Depression varied across the world;…

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