The GFC Was Caused by a Combination of _____

question 3

Multiple Choice

The GFC was caused by a combination of _____.

• A)a negative AD shock and a negative LRAS shock
• B)a negative AD shock and a positive LRAS shock
• C)a positive AD shock and a positive LRAS shock
• D)a positive AD shock and a negative LRAS shock

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Definitions:

Settlement Houses

Community centers situated in poor urban areas, aimed at providing education, recreational facilities, and social services to immigrants and the working class.

Henry George

A 19th-century American economist known for his advocacy of a single tax on land value to improve social inequalities.

Oregon System

Refers to a set of political reforms in the early 20th century in Oregon, including the initiative and referendum processes, aimed at increasing public participation and reducing corruption.

Social and Economic Equality

Describes a state of society where individuals have equal access to resources, opportunities, and rights, regardless of their socio-economic background.