What Caused the Recession That Began in 2008? How Did

question 10

Essay

What caused the recession that began in 2008? How did the Federal Reserve, the president, and Congress attempt to deal with the most serious economic downturn since the Great Depression? How successful were these attempts? What changes were made to prevent a similar recession in the future?

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Definitions:

Conditioned Response

A learned reaction to a specific stimulus after repeated exposure, typically studied in the context of classical conditioning.

Stimulus Generalization

A psychological principle where a response learned for one stimulus is elicited by similar, but not identical, stimuli.

Second-order Conditioning

A process in which a neutral stimulus becomes a conditioned stimulus by being paired with a previously conditioned stimulus.

Eating Behavior

The range of psychological and physiological processes that influence how and what individuals consume for food.