Which of the following statements best describes the vicious cycle that began in 1929 and continued during the Great Depression? O A. interest rates rose; net worth increased; inflation rose; loan defaults increased; credit crunch O B. subprime lending; asset price bubble; consumer spending back up; bank panics: deflation; credit crunch O c. asset-price bubble; net worth increased; bubble burst; consumer expenditures rose; bank failures O D. stock market crash; business spending down; bank panics; money supply fell; deflation; loan defaults; bank failures; credit crunch