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

question 133

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 European countries deviated the most from the "Taylor rule" and suffered the worst boom and bust in housing?

• A) Germany
• B) Spain
• C) the United Kingdom
• D) France

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Definitions:

Taxes

Movements or orientations of an organism in response to external stimuli.

Fixed Action Patterns

Instinctive behavioral sequences that are relatively invariant within the species and are triggered by specific stimuli.

Innate

Traits, abilities, or behaviors that are inherent and present at birth, not acquired through learning.

Key Stimulus

A specific environmental cue that triggers a fixed action pattern in an animal.