Which of the Following Was Not a Lesson from the 2007-2009

question 18

Multiple Choice

Which of the following was not a lesson from the 2007-2009 financial crisis?

• A)Financial regulations were too "light" prior to the crisis.
• B)Excessive complexity made the financial system more fragile and dangerous.
• C)Both monetary policy and fiscal policy are needed in order for the economy to recover.
• D)Regulatory failures were based primarily on poor job performance.

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Definitions:

Volcanic Island

An island that forms from the accumulation of material ejected from an underwater volcano, rising above the sea surface.

Equilibrium Model

A concept in ecology that views ecosystems as stable, balanced, and self-regulating systems where species populations remain in equilibrium unless disturbed.

Island Biogeography

A field within biogeography that examines the factors that affect the species richness and diversification of isolated natural communities.

Near Mainland

The geographical area or environment located close to a large mass of land or continent.