A Key Reason That Most People Did Not Anticipate the Severity

question 44

Multiple Choice

A key reason that most people did not anticipate the severity of the Great Recession is that

• A) they thought the Bank of Canada would reduce the target for the federal funds rate to a lower level.
• B) they did not believe that the federal government would actually bail out large financial institutions.
• C) they failed to see the financial crisis coming.
• D) they were more worried about rising inflation than about falling real GDP.

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Definitions:

Sample Size

The count of data points or observations gathered for a study or utilized in statistical evaluation.

Population Proportion

The fraction or percentage of members in a population that are part of a particular subset, reflecting a characteristic or attribute.

Population Proportion

The fraction or percentage of individuals in a population that have a particular characteristic.

Republican Voters

Individuals who are registered or typically vote for candidates from the Republican Party in the United States.