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The Recession of 2007-2009 Happened in Part Because, After the Housing

Question 42

Multiple Choice

The recession of 2007-2009 happened in part because, after the housing bubble burst in 2006, disruptions in the financial market made it difficult:


A) for government to finance deficit spending.
B) to fight inflation.
C) for businesses and consumers to borrow money.
D) to shift the PAE line downward.

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