The "Perfect Storm" of Factors That Contributed to the Economic

Multiple Choice

The "perfect storm" of factors that contributed to the economic crisis of 2007 include

A) increases in the minimum wage rate, unchecked illegal immigration, and state government deficits.
B) financial deregulation, unchecked commodity prices, floating currency exchange rates.
C) poorly chosen mortgage loans, falling housing prices, and a contracting economy.
D) agency costs, inefficient markets, and perfect capital markets.