Based on what you have learned, choose each response below that correctly describes America’s economic situation at the time of the 2008 election.Check all of the boxes that apply.

The 2008 election took place during the financial crisis and the start of a severe recession. Banks were in crisis, unemployment was rising, and home prices were falling after the housing-market bubble burst. The federal budget was not balanced, and the economy was contracting rather than growing.

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