A result of the US recession that began in 2008 was a global recession. falling unemployment levels. higher job wages. banks mak

Question

Sergio039 [100]

3 years ago

5

A result of the US recession that began in 2008 was a global recession. falling unemployment levels. higher job wages. banks mak

ing bad loans.

History

1 answer:

kolbaska11 [484] · Answer 1 · 2022-08-11T15:05:36+03:00

Answer:

<u>The correct answer is A. Global recession.</u>

Explanation:

1. Answer B. Falling unemployment levels, is not the correct because what happened was completely the opposite. Around 8.8 million jobs were lost and it took more than six years (May 2014) to recover the peak number of jobs of 138.4 million, reached in January 2008, before the recession.

2. Answer C. Higher job wages, is also inaccurate. According to the Federal Reserve statistics, median family net income decreased from 2008 to 2012 around 7%.

3. Finally, answer D was an undeniable cause, not a result. The housing bubble was a consequence of aggressive lending practices of mortgage loan firms.