(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.

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Definitions:

Feminine Mystique

Refers to the idealized image of women as homemakers and caretakers in the 1950s and 1960s, critiqued by Betty Friedan in her book of the same name, which played a significant role in the second-wave feminist movement.

Second Wave

Often refers to the second wave of feminism that occurred in the 1960s and 1970s, focusing on issues such as equality, sexuality, and reproductive rights.

Betty Friedan

An influential American feminist, writer, and activist best known for her 1963 book "The Feminine Mystique," which challenged the traditional roles of women in society.

Majority-minority

A demographic term used when the combined minority populations surpass the number of the majority population.