How Was the Financial Crisis in the U

question 54

Multiple Choice

How was the financial crisis in the U.S. transmitted to the macro economy?

• A) Dramatic falls in consumer and firm confidence.
• B) Large increases in the interest rates at which consumers and firms borrow.
• C) Many financial institutions become insolvent.
• D) Both A and B.
• E) Both B and C.

---

Definitions:

Childrearing

The process of bringing up, nurturing, and educating a child from infancy to adulthood.

Finances

The management of large amounts of money, especially by governments or large companies, but also pertaining to individual or personal money management.

Widowed

The state of having lost one's spouse through death.

Self-Care

The practice of taking action to preserve or improve one's own health, wellbeing, and happiness, particularly during periods of stress.