Question

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

Answer 1

an economic recession.

Step-by-step explanation:

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