The Recession of 2007-2009 Happened in Part Because, After the Housing

question 116

Multiple Choice

The recession of 2007-2009 happened in part because, after the housing bubble burst in 2006, disruptions in the financial market made it difficult:

• A)for government to finance deficit spending.
• B)to fight inflation.
• C)for businesses and consumers to borrow money.
• D)to shift the PAE line downwarD.After the housing bubble burst, many loans went bad and banks and other lenders reduced availability of loans.

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Definitions:

Outsourcing

The practice of hiring third-party companies or individuals to perform tasks, handle operations, or provide services that are either difficult to manage or are outside the company's expertise.

Employee Morale Risks

The potential negative effects on an organization's performance due to reduced employee satisfaction and engagement.

Bottom Line

The final net income reported by a company, indicating the company's profitability, or metaphorically, the most important or fundamental aspect of a situation.

Activities

Tasks or actions that are undertaken as part of a project or process.