Economists Who Believe That Policy Errors Are the Source of Economic

question 74

Multiple Choice

Economists who believe that policy errors are the source of economic instability argue that the crisis of 2008 was primarily the result of

• A) housing regulations that undermined sound lending practices and Fed policies that generated the housing boom and bust.
• B) the stock market crash.
• C) the actions of speculators who drove up the world price of oil, the domestic price of gasoline, and other energy sources.
• D) persistently high interest rates during the decade leading up to the crisis.

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Definitions:

Facial Reactions

Expressive movements of the face that communicate emotional states or reactions to stimuli.

Discourse Analysis

The study of how texts and spoken language are used in social contexts to enact identities and social structures.

Qualitative Analysis

A research method focused on understanding the qualities, attributes, or processes of social phenomena rather than quantifying them.

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