Question

The​ "perfect storm" of factors that contributed to the economic crisis of 2007 include

A. agency​ costs, inefficient​ markets, and perfect capital markets.
B. increases in the minimum wage​ rate, unchecked illegal​ immigration, and state government deficits.
C. poorly chosen mortgage​ loans, falling housing​ prices, and a contracting economy.
D. financial​ deregulation, unchecked commodity​ prices, floating currency exchange rates.

Answer 1

Answer:

C. poorly chosen mortgage​ loans, falling housing​ prices, and a contracting economy.

Explanation:

According to my research on the events that caused the 2007/2008 economic crisis in the United States of America, it can be said that there was a "perfect storm" of factors that contributed to this economic crisis. This Perfect Storm of factors were poorly chosen mortgage​ loans, falling housing​ prices, and a contracting economy. These factors combined caused the housing market to crash which also led to the stock market crashing.

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