Multiple Choice
Explanations about what caused the Great Recession differ sharply among economists. The so-called Minsky Explanation involves the following factors, except:
A) A massive euphoric bubble in housing prices that eventually burst
B) A huge negative demand shock in the economy
C) Flexible average price level in the economy
D) Excessive access to home-mortgage loans
Correct Answer:
Verified
Correct Answer:
Verified
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