Question

In 2008, the entire world fell into a(n) __________ because of a temporary decline in economic activity. A. reduction B. recession C. expansion D. withdrawal

Answer 1

Answer:

B.recession

Explanation:

because the economic boom and bust system in 2008 the world hit a bust lowering the economy. This bust was caused by the " subprime mortgage crisis" that linked US and Europe. The crisis is caused house debt and real estate bubbles.

Answer 2

Answer:

The answer is B (recession)

Explanation:

In 2008, the entire world fell into a(n) __________ because of a temporary decline in economic activity.