The Worldwide Recession of the Late 2000s

question 26

Multiple Choice

The worldwide recession of the late 2000s

• A) happened despite strict government regulation.
• B) was caused by excessively high interest rates.
• C) can be characterized as a moral hazard problem.
• D) caused the collapse of the U.S. housing market.
• E) began with the collapse of the Asian currencies.

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Definitions:

Outer Rings

Components in a bearing that form the external boundary and work in conjunction with the inner rings to facilitate smooth motion of rotating parts.

Amperage

The measure of the flow of electric current in amperes.

Electrical Current

The flow of electric charge through a conductor, enabling the functioning of electrical systems and devices.

Ohm's Law

A fundamental principle of electrical engineering stating that the current through a conductor between two points is directly proportional to the voltage across the two points.