The Widespread Problems in Financial Markets During the Great Recession

question 47

Multiple Choice

The widespread problems in financial markets during the Great Recession negatively affected key institutions in the macroeconomy.In addition,the financial regulations that were put in place restricted banks' ability to lend at levels equal to those in effect prior to 2008.This resulted in:

• A) a shift leftward of the aggregate demand curve.
• B) a shift leftward of the long-run aggregate supply curve.
• C) a shift rightward of the long-run aggregate supply curve.
• D) a shift rightward of the aggregate demand curve.
• E) a shift rightward of the short-run aggregate supply curve.

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Definitions:

Momentary Contact

Momentary contact describes a switch mechanism that establishes a connection only when actuated and breaks the connection once the actuator is released, ensuring brief electrical contact.

Jog Circuit

A control circuit designed to momentarily energize a motor or device to adjust its position without engaging full operation.

Control Circuit

A low-power circuit used to control the operation of a main circuit or device, often involving relays, switches, and sensors.

Eleven-Pin

Refers to a type of connector or relay base with eleven pins used for electrical or electronic connections.