Growing US debt, higher oil prices, rising unemployment, and other challenges in the 1990s caused a. an economic recession. b. a stock market crisis. c. a foreign policy crisis d. an economic depression

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History

Annabel Clayton

17 July, 01:38

Growing US debt, higher oil prices, rising unemployment, and other challenges in the 1990s caused a. an economic recession. b. a stock market crisis. c. a foreign policy crisis d. an economic depression

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Answers (2)

Know the Answer?

Gianna Poole · Answer 1

Gianna Poole 17 July, 03:51

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A. an economic recession.

Jamari Wiggins · Answer 2

The correct answer is a. an economic recession.

From around 1989 through to 1990, the U. S economy weakened due to a restrictive monetary policy enacted by the Federal Reserve. This resulted in an economic recession characterized by a loss of consumer and business confidence. Coupled with high oil prices, the weak economy was pushed into recession