The “perfect storm” of factors that contributed to the economic crisis
The “perfect storm” of factors that contributed to the economic crisis of 2007 include
A) agency costs, inefficient markets, and perfect capital markets.
B) poorly chosen mortgage loans, falling housing prices, and a contracting economy.
C) financial deregulation, unchecked commodity prices, floating currency exchange rates.
D) increases in the minimum wage rate, unchecked illegal immigration, and state government
deficits.
ANSWER
B
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