Which of the Following Reduced Aggregate Demand and Thereby Contributed

question 4

Multiple Choice

Which of the following reduced aggregate demand and thereby contributed to the crisis of 2008?

• A) a rise in the value of the U.S. dollar
• B) falling housing and stock prices
• C) an increase in the real rate of interest
• D) optimism about future economic conditions

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Definitions:

Wrongful Dismissal

The termination of an employee's contract of employment in violation of the contract or statutory law.

Senior Management

The highest level of executives and managers in an organization who are responsible for its overall operations and strategy.

Implied Repudiation

A situation where one party's actions or statements indicate an intention not to fulfill contractual obligations, thus leading to a breach of contract.

Express Repudiation

The clear and unequivocal refusal to fulfill one's duties or obligations under a contract.