In what way did the Great Recession of 2007-2009 reflect the Austrian Model's principles?

• A. Government intervention prevented a recession despite low interest rates.
• B. High interest rates led to reduced investment in housing, preventing a recession.
• C. Low interest rates led to excessive investment in housing, resulting in a bubble and subsequent recession.
• D. The recession was caused by factors unrelated to interest rates.

Answer: (C)