Ask Question
28 October, 15:10

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

+2
Answers (2)
  1. 28 October, 17:34
    0
    B. there was a recession in 2001. the GDP declined and economy was effected.
  2. 28 October, 17:56
    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.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “In 2001, the value of technology stocks combined with events of terror to produce what economic effect? A) a boom B) recession C) deflation ...” in 📙 History if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers