The Squam Lake Group Is a Group Of

question 83

Multiple Choice

The Squam Lake Group is a group of:

• A)bankers which attempted to centralize bank power within a small number of large commercial banks.
• B)government regulators charged with improving banking guidelines.
• C)academic economists who warned of the hazards of banking practices in the years leading up to the recent financial crisis.
• D)investors who encouraged financial institutions to take on more risk.
• E)financial economists who suggested a list of financial reforms.

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Definitions:

Business Cycles

The fluctuations in economic activity that an economy experiences over a period of time, characterized by periods of boom and recession.

Great Recession

A global economic downturn that occurred from late 2007 through 2009, marked by severe financial crises, including the collapse of the housing market in the United States.

Peak

The highest point between the end of an economic expansion and the start of a contraction in a business cycle.

Unemployment

The condition of being without a job while actively looking for employment and being willing to work.