What Was the Result of the Housing Industry Crash in 2007

question 96

Multiple Choice

What was the result of the housing industry crash in 2007?

• A) It affected only some reckless speculators but worried American voters.
• B) It destroyed the American economy but benefited the economies of most other countries.
• C) It sent bank profits soaring, given all the homes they were able to acquire through foreclosure.
• D) It froze credit, provoked the Great Recession, and helped shatter support for Bush.
• E) It had long been predicted by the Bush administration and helped it regain the public's trust.

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Definitions:

Resilience

The capacity of individuals to recover quickly from difficulties or adapt in the face of adversity, stress, or trauma.

Self-Awareness

The conscious knowledge of one's own character, feelings, motives, and desires, which is essential for effective leadership and personal development.

Internal Moral Processing

The cognitive and emotional processes through which individuals discern and reflect upon their ethical beliefs and values to guide their behavior.

Balanced Processing

A cognitive approach in decision-making where a person considers all relevant information equally without bias toward any specific outcome.