Question

What triggered the global financial crisis, leading to the Great Recession?

a.

Poor economic policies in developing nations

b.

Bursting of the real estate bubble in the US

c.

A decline in world trade

d.

Fiscal mismanagement in European nations

Answer: (b).Bursting of the real estate bubble in the US Explanation:The real estate bubble in the US triggered the global financial crisis.

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Q. What triggered the global financial crisis, leading to the Great Recession?

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