Question

The Great Recession of 2008

	a.	Was a predictable correction of the economy related to inflated real estate prices, and was ultimately no big deal that neither harmed investors or homeowners
	b.	Occurred even though the Republican-dominated Congress and the George W. Bush administration had kept the banking and real estate industries tightly regulated
	c.	Stopped short of a total economic meltdown because the federal government spent billions bailing out the companies whose actions had caused the recession
	d.	Was the result of real estate investments the risks of which were made obvious to investors, but these investors were unable to resist the profits these investments promised.

Answer 1

"C"

The subprime crisis was stopped short of a total economic meltdown because the federal government spent billions bailing out of companies whose actions had caused the recession.