Sub prime crisis 39 is a term associated with which one of the following events ........

Indian Economy (CDS) Financial System

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Sub-prime crisis' is a term associated with which one of the following events?

Economic recession

Political instability

Structural adjustment programmes

Growing social inequality

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Explanation:

The United States subprime mortgage crisis was a nationwide financial crisis, occurring between 2007 and 2010, that contributed to the U.S. recession of December 2007 – June 2009. It was triggered by a large decline in home prices after the collapse of a housing bubble, leading to mortgage delinquencies and foreclosures and the devaluation of housing-related securities.