During the Recession of 2008 - 2009

question 105

Multiple Choice

During the recession of 2008 - 2009:

• A)the federal government undertook various policies intended to stimulate private spending and investment.
• B)the federal government undertook various policies that ultimately resulted in an inflationary expenditure gap.
• C)the federal government was able to achieve a balanced budget even though it undertook various policies to stimulate the economy.
• D)the federal government took no action to stimulate the economy, and instead left it to the private sector to try to eliminate the recessionary gap.

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Definitions:

Fundamental Attribution Error

The habit of focusing too much on someone's personal attributes and overlooking the circumstances when assessing their behavior.

Cognitive Dissonance

The psychological dissonance faced when someone maintains a variety of opposing beliefs, ideas, or values simultaneously.

Foot-In-The-Door Phenomenon

A psychological tactic involving getting a person to agree to a large request by first setting them up to agree to a modest request.

Attitude

An inclination of the mind depicted by appraising a given entity with a level of approval or disapproval.