Question

The Great Recession was triggered by a Group of answer choices steep rise in bond values. sharp decline in the value of the U.S. dollar. steep decline in housing prices. sharp increase in oil prices.

Answer 1

Answer: steep decline in housing prices.

Explanation:

The Great Recession was simply the decline in economic activity which happened in the late 2000s.

The economic slump began due to th fact that the housing market in the United States went from boom to bust which led to the subprime mortgage.

There was the reduction in the Federal funds rate by the Federal Reserve and thus led to a flood of liquidity.