Explanations About What Caused the Great Recession Differ Sharply Among

Multiple Choice

Explanations about what caused the Great Recession differ sharply among economists.The so-called Austrian Explanation involves the following factors, except

A) a massive euphoric bubble in housing prices that popped.
B) government actions that kept interest rates very low for a long period.
C) excessive borrowing for consumption, construction, and investment.
D) a huge negative demand shock in the economy.