Which of the Following Usually Cited as a Proximate Cause

question 11

Multiple Choice

Which of the following usually cited as a proximate cause of the economic collapse in the Great Recession (2007-2009) ?

• A) Collapse of the job market
• B) Collapse of the housing and mortgage markets
• C) Collapse in personal consumption expenditures
• D) Collapse in government spending
• E) All of these are correct.

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Definitions:

Real Wages

Wages adjusted for inflation, reflecting the true purchasing power of the income received by workers.

Welfare Capitalism

An economic system combining a mostly market-based economy with extensive social welfare programs.

Union Suppression

Tactics or strategies employed by employers or governments to hinder union formation, diminish union influence, or dismantle existing unions.

Union-Management Cooperation

A collaborative approach between union and management to address and solve workplace issues, aimed at improving organizational performance and worker satisfaction.