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Which of the Following Was TRUE About the Financial Crisis

Question 24

Multiple Choice

Which of the following was TRUE about the financial crisis of 2008?


A) it started in the U.S., but quickly spread to global financial markets
B) as credit markets froze, U.S. businesses had trouble financing their inventories
C) the recession that followed in the U.S. might have been a lot worse if the government hadn't undertaken decisive monetary and fiscal policy measures
D) all of the above
E) only A) and C)

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