During and Following the Severe Recession of 2008-2009,the Fiscal Policy

question 30

Multiple Choice

During and following the severe recession of 2008-2009,the fiscal policy of the United States was

• A)similar to the response of Japan to a severe recession during the early 1990s.
• B)similar to the response of Canada to an economic crisis during the latter half of the 1990s.
• C)dramatically different than the response of Japan to a severe recession during the early 1990s.
• D)similar to the highly successful fiscal policy of the United states during the 1990s: government expenditures were reduced as a share of GDP and the budget was shifted toward a surplus.

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Definitions:

Hippocampus

A region of the brain that is associated with memory formation, navigation, and spatial orientation.

Declarative Long-Term Memories

Declarative long-term memories are memories that can be consciously recalled, such as facts and events.

Procedural Memory

A type of long-term memory for how to perform different actions and skills.

Serial-Position Effect

A psychological phenomenon where people tend to remember the first and last items in a series better than the middle items.