Which of the following did NOT occur during the Great Recession? A) H
QUESTION
Which of the following did NOT occur during the Great Recession?
A) Homeowners lost wealth.
B) Banks lost capital.
C) Foreclosures decreased.
D) Unemployment increased.
E) Consumer demand decreased.
ANSWER
Answer: C
Explanation: C) Foreclosure rates increased significantly as homeowners could not meet their mortgage debt obligations.
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