Economic Challenge of the Great Recession

Throughout the late 20th and early 21st centuries, the United States has encountered several economic challenges. One significant issue was the rise of the technology sector and the accompanying economic transformations. However, alongside this growth, the nation also faced economic downturns, unemployment spikes, and the impact of globalized trade on domestic industries. In 2008, a major financial crisis resulted in widespread economic hardship and prompted significant governmental intervention.

Which of the following economic challenges was primarily associated with the events surrounding the Great Recession that began in 2007?