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.