Growing US debt, higher oil prices, rising unemployment, and other challenges in the 1990s caused a. an economic recession. b. a

Question

marin [14]

3 years ago

15

Growing US debt, higher oil prices, rising unemployment, and other challenges in the 1990s caused a. an economic recession. b. a

stock market crisis. c. a foreign policy crisis d. an economic depression

History

2 answers:

Ksju [112] · Answer 1 · 2022-09-18T08:08:10+03:00

The correct answer is a. an economic recession.

From around 1989 through to 1990, the U.S economy weakened due to a restrictive monetary policy enacted by the Federal Reserve. This resulted in an economic recession characterized by a loss of consumer and business confidence. Coupled with high oil prices, the weak economy was pushed into recession

lisabon 2012 [21] · Answer 2 · 2022-09-18T09:38:24+03:00

lisabon 2012 [21]3 years ago

5 0

Answer:

A. an economic recession.

Explanation: