Which of the Following Factors Contributed to the 2008 Economic

Multiple Choice

Which of the following factors contributed to the 2008 economic recession in the United States?

A) Housing wealth fell causing consumers to become more pessimistic about the economy.
B) The stock market plummeted causing the real wealth of Americans to decrease.
C) As the recession spread to other countries,falling incomes abroad depressed aggregate demand in the United States even more.
D) All of the above.