The Recession of 2008-2009 Demonstrated That ________

question 22

Multiple Choice

The recession of 2008-2009 demonstrated that ________.

• A)consumption is especially sensitive to changes in the retirement age
• B)changes in wealth can be a major source of fluctuations in consumption
• C)as consumers get older,they tend to exhaust all their savings
• D)permanent income is something of a misnomer

---

Definitions:

Proposition

A claim that presents a viewpoint or an assessment.

Venn Diagram

A diagram that uses circles to represent sets and their relationships to each other, illustrating intersections, unions, and complements among the sets.

Categorical Syllogism

A form of reasoning in which a conclusion is derived from two premises, each of which shares a common or middle term not present in the conclusion.

Venn Diagram

A diagram that uses circles to represent the relationships and intersections among various sets or groups.