The Austerity Measures Put into Place in the Wake of the Global

question 62

Multiple Choice

The austerity measures put into place in the wake of the global financial crisis resulted in all of the following EXCEPT

• A)increased homelessness.
• B)mass protests.
• C)reductions in pensions, wages, and health care services.
• D)a speedy economic recovery for Europe and the United States.
• E)the rise in Europe of political parties of the far left and right.

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Definitions:

Dollar Amount

The value of something measured in units of currency, specifically U.S. dollars.

Preferred Stock

A class of stock that provides a specific dividend that is paid before any dividends are paid to common stock holders, and which typically has priority over common stock in the event of a liquidation.

Common Stock

A form of corporate equity ownership, representing a claim on a portion of a company's profits and a right to vote on some corporate decisions.

Capital Stock

The total amount of stock that a company is authorized to issue, representing ownership in the company.