The Global Savings Glut of the Early 2000s Was Caused

question 92

Multiple Choice

The global savings glut of the early 2000s was caused primarily by:

• A) financial crises in the late 1990s and early 2000s that led to an increase in savings in some relatively poor countries.
• B) the high price of oil.
• C) the impact of global warming on agriculture.
• D) trade restrictions.

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Definitions:

Abnormal Functioning

Impaired or deviant operation of a system or organ, differing from normal or expected functioning.

Idiographic Data

Information that pertains to specific, individual cases or entities, highlighting unique aspects rather than generalizations.

Nomothetic Data

Information that pertains to general laws or principles governing behavior, used in contrast to idiographic data focusing on individual cases or instances.

Nervous Breakdown

A colloquial term for a stressful situation in which someone becomes temporarily unable to function normally in day-to-day life.