Which of the Following Best Summarizes the Main Causes of the Great

Multiple Choice

Which of the following best summarizes the main causes of the Great Recession?

A) Oil-producing countries deliberately raised the price of petroleum,leading to inflation and a deep recession.
B) The Federal Reserve raised short-term interest rates very high in an effort to decrease inflation,which also drove the economy into a recession.
C) The end of overseas war efforts led to a deep decrease in federal spending,which reduced employment and caused a recession.
D) The stock market collapsed following the end of a bubble in technology stock prices,which caused a decrease in investment spending and a recession.
E) The collapse of housing prices led to decreased wealth and significant problems in financial markets,as well as a decrease in expected income and a stock market collapse.