A Major Factor in the Severity of the 2007-09 Financial

question 124

Multiple Choice

A major factor in the severity of the 2007-09 financial crisis was the massive increase in the level of debt taken on by:

• A) individuals under the age of 25
• B) businesses in Europe
• C) the U.S. government
• D) Asian countries

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Definitions:

Mechanical Energy

The sum of potential and kinetic energy in physical systems, often involved in performing work or causing motion.

Kinetic Energy

The energy that an object possesses due to its motion, which is dependent on the mass of the object and the square of its velocity.

Heat Energy

Energy that results from the random movement of atoms, ions, or molecules; the greater the amount of heat energy in an object, the higher the object’s temperature.

Reversible Reactions

Chemical reactions that can proceed in both the forward and backward directions under certain conditions, achieving a state of equilibrium.