The sequence of events in a U.S. financial crisis is ________ leading to ________ leading to ________.
A) debt deflation; increased interest rates; a bank panic
B) increased interest rates; a bank panic; debt deflation
C) a stock market decline; debt deflation; decreased economic activity
D) a bank panic; debt deflation; a stock market decline
Answer: B
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.