(Consider This) Monetarists Would Argue That the Severe Recession of 2007-2009

question 78

Multiple Choice

(Consider This) 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.

Identify the reasons and benefits of outsourcing.

Acknowledge the increasing demand for environmentally friendly business practices.

Differentiate between sectors contributing to annual output in developed countries.

Understand the importance and examples of branding in marketing.

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Definitions:

Knowledge

Information, understanding, or skills obtained through education or experience; the theoretical or practical understanding of a subject.

Behaviour Modification

The use of empirically demonstrated behavior change techniques to improve behavior, such as altering an individual's behaviors and reactions to stimuli through positive and negative reinforcement.

Reinforcement

In psychology, a concept where a behavior is encouraged or strengthened by a consequence that follows it.

Modelling

The process of demonstrating a particular behavior or skill that others are expected to learn or emulate.