Recall Application 2, "Would a Policy Rule Have Prevented the Housing

question 68

Multiple Choice

Recall Application 2, "Would a Policy Rule Have Prevented the Housing Boom? ," to answer the following questions:
-According to the application, which of the following did John Taylor identify as the cause of the housing boom from 2001- 2004?

• A) the Treasury's bailout of banks
• B) the Fed's "easy money" policy
• C) the Fed's "tight money" policy
• D) Congress' tax cuts

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Definitions:

Plasticity

The capability of the brain to adapt and reorganize itself, both in development and in response to damage.

Critical Periods

Specific times during early development when the organism is particularly sensitive to environmental stimuli, leading to the formation of specific neural and psychological traits.

Sensitive Periods

Specific times in an individual's development when they are more receptive to certain types of learning and environmental influences.

Imprinting

Instinctive form of learning in which, during a critical period in early development, a young animal forms an attachment to the first moving object it sees, usually the mother.