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
Correct Answer:
Verified
Correct Answer:
Verified
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