Question

In what two ways did the Great Recession of 2008 affect Americans?


Many people lost their homes and jobs.

Consumer spending increased.

There were lower levels of student debt.

Businesses around the country closed.

Answer 1

Answer:

many people... and business around...

(a) + (d)

Explanation:

plato/edmentum fam

Answer 2

The correct options are A and D. Many people lost their homes and jobs and Businesses around the country closed during the Great Recession of 2008 affecting Americans. Many Americans aged 50 and older, notably baby boomers approaching retirement, were impacted either directly or indirectly by rising unemployment, declining property values, and the decrease in the stock market, even while young individuals in their 20s and 30s took the brunt of the economic slump.

What are the effects of a recession?

Recessions lead to increased unemployment, decreased salaries and incomes, as well as a broader range of lost opportunities. The present recession is likely to have long-lasting repercussions on economic opportunity, private capital investments, and education.

Lax lending standards that contributed to the real estate booms that later burst, U.S. government housing policies, and insufficient supervision of non-depository financial institutions are some of the main reasons for the original subprime mortgage crisis and the subsequent recession.

Learn more about the Recession of 2008 here:

https://brainly.com/question/4797374

#SPJ5