based on what you have learned, choose each response below that correctly describes americas economic…

based on what you have learned, choose each response below that correctly describes americas economic situation at the time of the 2008 election. check all of the boxes that apply. a balanced federal budget banks in crisis economic growth growing unemployment falling home prices done

based on what you have learned, choose each response below that correctly describes americas economic situation at the time of the 2008 election. check all of the boxes that apply. a balanced federal budget banks in crisis economic growth growing unemployment falling home prices done

Answer

Brief Explanations:

In 2008, the U.S. was in the midst of a financial - crisis. The federal budget was not balanced due to the need for bail - outs and stimulus. Banks faced a major crisis as a result of the sub - prime mortgage meltdown. Economic growth was negative. Unemployment was rising as businesses cut jobs, and home prices were falling due to the housing market collapse.

Answer:

  • B. banks in crisis
  • D. growing unemployment
  • E. falling home prices