Asked by Marvelous Abraham on Apr 29, 2024
Verified
Which of these factors can explain the short recession experienced by the U.S.in 2001?
A) Terrorist attacks
B) The stock market crash
C) Bursting of the real estate bubble
D) A rise in international oil prices
E) Expenditure on war
Short Recession
A brief period of economic decline during which trade and industrial activity are reduced, generally identified by a decline in GDP in successive quarters.
Real Estate Bubble
A real estate bubble is a situation in which property prices rapidly inflate beyond fundamental valuations, typically followed by a sharp decline.
Stock Market Crash
A rapid and often unanticipated decline in stock prices across a significant cross-section of a stock market, leading to a loss of paper wealth.
- Become familiar with the factors contributing to and resulting from major economic downturns and financial crises.
Verified Answer
Learning Objectives
- Become familiar with the factors contributing to and resulting from major economic downturns and financial crises.
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