choose the right word to complete the sentence. a general economic slowdown is called a recession. what was…

choose the right word to complete the sentence. a general economic slowdown is called a recession. what was one of the main roots of the recession that began in 2008? low spending by the bush administration bad loans made in the housing market low levels of borrowing by american consumers

choose the right word to complete the sentence. a general economic slowdown is called a recession. what was one of the main roots of the recession that began in 2008? low spending by the bush administration bad loans made in the housing market low levels of borrowing by american consumers

Answer

Brief Explanations:

The 2008 - 2009 global financial crisis was largely triggered by the sub - prime mortgage crisis in the US housing market. Bad loans in the housing sector led to a chain - reaction of financial problems. Low spending by the Bush administration was not a main cause, and low levels of borrowing by American consumers is contrary to the situation at that time as there was excessive borrowing in the housing market.

Answer:

bad loans made in the housing market