Viewed Through the Aggregate Expenditures Model,the U

question 39

Multiple Choice

Viewed through the aggregate expenditures model,the U.S.recession of 2007-2009 resulted mainly from:

• A) a fall in the average propensity to save.
• B) insufficient aggregate expenditures.
• C) reduced government spending.
• D) increased taxes.

---

Definitions:

365-day Year

A method used for interest calculations where a year is assumed to have exactly 365 days.

No-fault Insurance

A type of auto insurance policy where insureds are indemnified for losses by their own insurance company, regardless of fault in the incident.

Medical Expenses

Medical expenses refer to the costs incurred for healthcare services, including doctor visits, hospital stays, medications, and procedures, which can be covered by insurance or out-of-pocket payments.

Low-risk Driver

A motorist considered less likely to file an insurance claim based on factors like driving history, thereby often enjoying lower insurance premiums.