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23 November, 14:05

Identify the correct sequence of events leading up to credit problems that affected the economy:

Consumers became unable to pay back loans.

the economy grew.

banks loosened their criteria for approving loans and credit.

spending halted, and the economy experienced a recession.

consumers spent more.

businesses were left without payment on purchases they'd financed.

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  1. 23 November, 14:22
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    Banks loosened their criteria for approving loans and credit

    Consumers spent more

    the economy grew

    consumers became unable to pay back loans

    businesses were left without payment on purchases they'd financed

    spending halted, and the economy experience a recession
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