Question

A major cause of the 2008 economic collapse was Group of answer choices the Contract with America. Bush's expansion of affirmative action programs. the war in Iraq. the collapse of the housing market.

Answer 1

Answer:

the collapse of the housing market.

Explanation:

The cause of the 2008 financial crisis was the deregulation of the financial sector which allowed banks to invest in real estate.

The resulting bubble in real estate prices led to the 2008 financial crisis.