what was a major cause of the us recession that began in 2008?\no defaults on mortgages for homes\no…

what was a major cause of the us recession that began in 2008?\no defaults on mortgages for homes\no consumers not buying new homes\no damage from hurricane katrina\no a rise in the american stock market

what was a major cause of the us recession that began in 2008?\no defaults on mortgages for homes\no consumers not buying new homes\no damage from hurricane katrina\no a rise in the american stock market

Answer

Answer:

A. defaults on mortgages for homes

Brief Explanations:

The 2008 US recession was largely triggered by the sub - prime mortgage crisis. Lenders had issued many risky mortgages, and when borrowers defaulted, it led to a financial meltdown and subsequent recession. Hurricane Katrina was in 2005 and not a major cause of the 2008 recession. Consumers not buying new homes was a consequence rather than a major cause. A rise in the stock market is not associated with the start of a recession.