As a Global Recession Began in Late 2008, the Governments

question 100

Multiple Choice

As a global recession began in late 2008, the governments of all major economies searched for policy responses to dampen the effects of the recession. In general, governments were aiming to

• A)shift the AD curve to the left by decreasing tax rates.
• B)shift the AD curve to the right through large increases in government spending.
• C)increase potential GDP.
• D)shift the AS curve to the right through large increases in government spending.
• E)shift the AS curve to the left by increasing wage rates.

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Definitions:

Teen Births

Incidents of adolescent girls, typically ages 13-19, giving birth.

Puberty

The period during which adolescents reach sexual maturity and become capable of reproduction.

Personal Fable

A belief held by adolescents that they are unique and invulnerable, contributing to risk-taking behaviors.

Post-Operational Thought

Advanced stages of cognitive development in Piaget's theory, characterized by the ability to think logically about abstract concepts.