All of the Following Factors Came Together in 2007-09 to Cause

question 14

Multiple Choice

All of the following factors came together in 2007-09 to cause a sharp drop in consumer spending EXCEPT

• A)asset pyramid.
• B)the end of the housing price bubble.
• C)stock market crash.
• D)increase in household liabilities.

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Definitions:

Self-fulfilling Prophecy

A belief that leads to its own fulfillment due to the behavior of the believer or others.

External Attribution

The process of explaining someone's behavior by referring to external conditions or situations outside of the person's control.

Attractive People

Individuals who are found to be appealing or pleasing in appearance by others.

Cross Cultures

The comparison or interaction between different cultures or cultural practices, often to understand cultural diversity.