The Two Negative Demand Shocks That Caused the Great Recession

question 74

Multiple Choice

The two negative demand shocks that caused the Great Recession were:

• A)declining housing prices and the 2008 financial panic.
• B)declining housing prices and declining stock prices.
• C)increasing oil prices and the 2008 financial panic.
• D)increasing oil prices and declining stock prices.

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Definitions:

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Prosthetic Rubber Device

An artificial appliance made of rubber designed to replace or support a missing or defective part of the body.

Fake Blood

An artificial substance used to simulate blood in theatrical productions, movies, or for Halloween costumes.

Gory Getup

A costume or outfit designed to look extremely bloody and gruesome, often used in horror contexts or during Halloween.