Question

Hamilton suggested more of the Great Recession came from ________ than any other single factor.

rising bank failures.

rising oil prices.

rising mortgage defaults.

rising government taxes.

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Question 71 pts

Economists do not agree on the causes of the Great Recession.

True

False

Answer 1

1. Hamilton suggested more of the great recession came from rising mortgage defaults than any other single factor.

The Great recession started in December 2007 and ended in June 2009 and it was the worst recession the Great Depression in the 1930's. The great recession is started in US with the problem of sub prime mortgage crisis. This resulted in international trade imablance, increasing house hold debts and housing bubbles.

2. TRUE- This is because every economist does not believe in the same ideology, some are keynesians, monetarists and etc... So there will be a general dis-agreement between the causes of the great recession.