Monetarists Would Argue That the Severe Recession of 2007-2009 Was

question 44

Multiple Choice

Monetarists would argue that the severe recession of 2007-2009 was primarily caused by

• A)adverse aggregate-supply shocks causing tremendous unemployment.
• B)wide swings in investment expenditures driving erratic fluctuations in aggregate demand.
• C)excessive money supply creating a bubble in some sectors of the economy.
• D)too much deregulation of the financial sector in previous years.

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Definitions:

Leadership Model

A framework or theory that describes how leadership is exercised, including the behaviors, traits, and styles effective leaders adopt.

Leader-Member Relations

The dynamics and quality of the interaction and communication between a leader and their team members.

Fiedler's Contingency Model

A leadership theory proposing that a leader's effectiveness is contingent on the compatibility between the leader's style of leadership and the demands of the situation.

Low-Task

Describes a situation or job that requires minimal cognitive or physical effort, typically involving routine or simple activities.