The 2001 Recession Was Caused Principally by

question 87

Multiple Choice

The 2001 recession was caused principally by

• A)a slowing in the growth of the money supply.
• B)a drop in autonomous consumption spending.
• C)a decrease in government spending.
• D)a drop in real business investment.

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Definitions:

Secured Interest

A legal claim or a security interest granted by the debtor to the creditor over the debtor's property, ensuring the property serves as collateral for the repayment of a debt.

Debtor Agreement

A contract between a debtor and creditor outlining the terms for repaying the debt owed.

Consumer Goods

Items produced for personal or household use, typically characterized by their direct consumption and satisfaction of individual needs.

Security Interest

A legal claim or lien on collateral, ensuring that a debt or obligation is secured with specific property.