Explanations About What Caused the Great Recession Differ Sharply Among

question 147

Multiple Choice

Explanations about what caused the Great Recession differ sharply among economists.The so-called Austrian Explanation involves the following factors, except

• A)a massive euphoric bubble in housing prices that popped.
• B)government actions that kept interest rates very low for a long period.
• C)excessive borrowing for consumption, construction, and investment.
• D)a huge negative demand shock in the economy.

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Definitions:

Tools Of Rhetoric

Various strategies used in communication to persuade or inform audiences, including ethos, pathos, logos, and other rhetorical devices.

Logos

A symbol or other design adopted by an organization to identify its products, uniform, vehicles, etc.

Mental Reasoning

The cognitive process of drawing conclusions, solving problems, or making decisions based on logic.

Logos

An appeal to logic, referring to persuasive communication that employs reasoning and evidence.