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6 January, 04:34

In 2001, the value of technology stocks combined with events of terror to produce what economic effect?

A) a boom

B) recession

C) deflation

D) a depression

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Answers (2)
  1. 6 January, 04:54
    0
    B. there was a recession in 2001. the GDP declined and economy was effected.
  2. 6 January, 04:59
    0
    B) recession

    Explanation:

    After the attacks of September 11, 2001, the US opted for market deregulation, tax and interest rate decreases and the expansion of credit, causing a housing bubble in the so-called subprime mortgages. To this we had to add the multimillion dollar expenditures in the war in Afghanistan and the war in Iraq6 that could cost from 2 trillion dollars to 6 trillion in total.
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