Which of the Following Is FALSE About the Financial Crisis

question 27

Multiple Choice

Which of the following is FALSE about the financial crisis of 2008?

• A)the crisis started in the in the U.S. but had a particularly devastating effect on the economies of Mexico and Canada
• B)as it became increasingly difficult to get loans, the financial crisis quickly spread to the goods and labor markets causing economic activity to decline
• C)in the recession that followed, the unemployment level in the U.S. hit highs not seen since 1983 and reached its peak only after the recession was officially declared over
• D)as financial institutions curtailed their lending activity, even solvent firms experienced severe liquidity problems
• E)none of the above

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Definitions:

Unconscious Motivation

Drives and desires that influence an individual's behavior and decisions, of which they are not consciously aware.

Classical Conditioning

A learning process that occurs when two stimuli are repeatedly paired: a response that is at first elicited by the second stimulus is eventually elicited by the first stimulus alone.

Ivan Pavlov

A Russian physiologist known for his work in classical conditioning, demonstrating how environmental stimuli can trigger responses in animals.

Humanistic Theories

A psychological perspective focusing on the individual's capacity for self-actualization, personal growth, and inherent goodness.