In the Recession That Began in Late 2007 in the United

question 55

Multiple Choice

In the recession that began in late 2007 in the United States, which of the following was the first main element of GDP that faltered?

• A) Consumption spending
• B) New home construction
• C) Business spending on new equipment
• D) Net exports

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Definitions:

Erikson's

Relates to the theories of developmental psychologist Erik Erikson, focusing on psychosocial development across eight stages from infancy to adulthood.

Freud's

Pertains to theories or concepts developed by Sigmund Freud, often related to psychoanalytic theory and the unconscious mind.

Identity Crisis

A period of uncertainty and confusion in an individual’s life when one's sense of identity becomes insecure, typically due to a change in their expected aims or role in society.

Role Confusion

A situation where an individual is unsure about the expectations of a particular role they are to play in society, often leading to a sense of uncertainty about their identity.