All of the Following Took Place During the Economic Crisis

question 43

Multiple Choice

All of the following took place during the economic crisis that began in 2007 EXCEPT

• A) the financial system was disrupted.
• B) large portions of the U.S. economy were cut off from the funds they needed to thrive.
• C) there was a devastating decline in the production of goods and services throughout the economy.
• D) unlike households, most businesses still had easy access to funds.

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Definitions:

Traditional Thinking

Traditional thinking refers to ideas and beliefs that are handed down from generation to generation, often resistant to change and rooted in historical and cultural precedents.

Sociological Thinking

The process of questioning the obvious, examining societal patterns, and considering the social context of behaviour.

Scientific Thinking

A method of inquiry that emphasizes empirical evidence, skepticism, and the systematic pursuit of knowledge through observation and experimentation.

Abstract Proposition

An abstract proposition is a theoretical statement that expresses a concept or idea in a general or universal form, often used to build and explain theories.