QuestionJune 12, 2025

The Great Recession of 2008 was caused by...? The European sovereign debt crisis High interest rates Deregulation of the financial industry, predatory lending practices and the housing bubble The crash of the stock market

The Great Recession of 2008 was caused by...? The European sovereign debt crisis High interest rates Deregulation of the financial industry, predatory lending practices and the housing bubble The crash of the stock market
The Great Recession of 2008 was caused by...?
The European sovereign debt crisis
High interest rates
Deregulation of the financial industry, predatory lending practices and the housing bubble
The crash of the stock market

Solution
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Answer

Deregulation of the financial industry, predatory lending practices and the housing bubble Explanation The Great Recession was primarily caused by a combination of factors including deregulation in the financial industry, predatory lending practices, and the housing bubble that led to widespread mortgage defaults. While other options contributed to economic instability, they were not the main causes.

Explanation

The Great Recession was primarily caused by a combination of factors including deregulation in the financial industry, predatory lending practices, and the housing bubble that led to widespread mortgage defaults. While other options contributed to economic instability, they were not the main causes.
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