Asked by Whian Bester on May 28, 2024
Verified
Which of the following events was largely responsible for the severity of the Great Recession?
A) Obama was elected president and congress was controlled by Democrats.
B) A very steep decline between 2006 and 2009 of gross private investment.
C) The TARP loans to the banks and the government investments in the automobile industry.
D) The stemulas bill and overspending by the federal government.
Great Recession
A significant worldwide economic downturn that began in 2007 and lasted until 2009, marked by high unemployment and severe financial instability.
Gross Private Investment
The total amount of investment in the economy by private sector entities, including investments in equipment, structures, and inventory changes.
Obama
Refers to Barack Obama, the 44th President of the United States, serving from 2009 to 2017.
- Scrutinize the contribution and progression of corporations to the international economy, especially during the Great Recession.
- Assess the influence of investment variations on economic cycles and recessions.
Verified Answer
Learning Objectives
- Scrutinize the contribution and progression of corporations to the international economy, especially during the Great Recession.
- Assess the influence of investment variations on economic cycles and recessions.
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