Answer:
The correct answer is: A. The end of the U.S. housing bubble, austerity measures, and increased unemployment.
Step-by-step explanation:
The Great Recession was a severe worldwide economic recession that took place mostly during the 2008–2009 period. The timing of the Great Recession varied across nations; in most countries it started in 2008 and lasted until 2009. The following are some of its effects:
The end of the U.S. housing bubble: The housing bubble was a period of high housing prices that began in the early 2000s and ended in 2006. The bubble was caused by a number of factors, including low interest rates, easy credit, and speculation. When the bubble burst, housing prices plummeted, leading to foreclosures and a decline in the value of homes.
Austerity measures: Austerity measures are economic policies that are designed to reduce government spending and deficits. These measures were often implemented in response to the Great Recession. Austerity measures can include cuts to social programs, tax increases, and wage freezes.
Increased unemployment: The Great Recession led to a sharp increase in unemployment. In the United States, the unemployment rate rose from 5% in 2007 to 10% in 2009. The unemployment rate in other countries also rose sharply during the Great Recession.
The other options are not effects of the Great Recession. Housing price increases, lower interest rates, and salary inflation are all factors that can contribute to an economic boom. Deregulation, overwhelming inflation, and high interest rates are all factors that can contribute to an economic recession. The loss of the rain forests, increased pollution, and drought are all environmental problems.