Question

What was a major cause of the US recession that began in 2008?
defaults on mortgages for homes
consumers not buying new homes
damage from Hurricane Katrina
a rise in the American stock market

Answer 1

Answer: defaults on mortgages for homes

Explanation:

Answer 2

The major cause of the US recession that began in 2008 is defaults on mortgages for home.

What is recession?

Recession can be regarded as a downward trend in economy which is do bring about inflation.

Recession usually bring about low GPD and give

temporary economic decline which usually affect the production and consumption.

Therefore, recession do bring about decline in incomes and spending of households .

learn more about recession at;

https://brainly.com/question/532515

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