According to the Article by Rajan,the Root Cause of the Recent

question 282

Multiple Choice

According to the article by Rajan,the root cause of the recent financial crisis was

• A) wasteful government spending.
• B) an inefficient policy of increasing the availability of credit due to greater income inequality.
• C) unresponsive policymakers who should have eased regulations sooner to promote economic growth.
• D) an over-reliance on in-kind transfers to correct the nation's poverty problem.

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Definitions:

Producing Automobiles

The process of manufacturing cars, which involves assembling various components like engines, frames, and electronics.

Productivity

A measure of the efficiency of production, often calculated by dividing total output by the total inputs used in the production process.

Demand

The amount of a good or service that buyers are ready and capable of buying at different price levels over a given time frame.

Human Capital

The expertise, know-how, and practical experiences that a person or collective maintains, regarded in relation to their financial or worth importance to a business or country.