Multiple Choice
Explanations about what caused the Great Recession differ sharply among economists.The so-called Minsky Explanation involves the following factors, except
A) a massive euphoric bubble in housing prices that eventually burst.
B) a huge negative demand shock in the economy.
C) flexible average price levels in the economy.
D) excessive access to home-mortgage loans.
Correct Answer:
Verified
Correct Answer:
Verified
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