nayana-c1.867c992ae9100904cc61c84591adf0f8f863e0387e30f0d0dbc86640e9f50a1a.en.train.188

The task

What is the main reason a housing bubble burst is more catastrophic than an equity bubble burst? A. It lowers household wealth significantly. B. It causes a direct macro effect on the economy. C. It threatens the entire financial system and the solvency of the largest banks. D. It leads to a mild and short recession. Return only the single uppercase letter of the correct option.