What Was Primarily Responsible for the Most Recent Debt Crisis

question 23

Multiple Choice

What was primarily responsible for the most recent debt crisis in Spain?

• A)the Spanish government had borrowed too much, so its debt-to-GDP ratio was very high
• B)the Spanish government cut spending in an effort to free funds for private investments
• C)political instability
• D)Spanish banks held too many unsound mortgage loans and mortgage-backed securities
• E)all of the above

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Definitions:

Openness

A personality trait that refers to the extent to which an individual is open to experiencing a variety of activities, engaging in novel experiences, and demonstrating curiosity and creativity.

New Activities

Tasks or experiences that are novel or unfamiliar to an individual, offering opportunities for learning and growth.

Relatively Stable

Describes something that remains largely unchanged over time or under different conditions.

Traits

Enduring characteristics or tendencies that define an individual's behavior across various situations and over time.