Although the Great Recession Technically Ended in 2010, There Are

question 20

Multiple Choice

Although the Great Recession technically ended in 2010, there are long-term consequences still being felt; for instance, governments at the local, state, and federal level

• A) received large influxes of money by charging penalties to banks that had engaged in predatory lending practices.
• B) spent large amounts of tax money on services for the newly homeless.
• C) lost significant tax revenues, causing them to impose punitively high taxes.
• D) lost significant tax revenues, causing them to face serious budget shortfalls.

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Definitions:

Lung Cancer

A type of cancer that begins in the lungs and is often associated with smoking, but can also occur in non-smokers due to other factors.

Festinger

Leon Festinger was a social psychologist known for his theory of cognitive dissonance, which describes the discomfort felt when holding conflicting beliefs, attitudes, or behaviors.

Psychology Text

A written or digital publication concerning the study of the mind and behavior, often used for educational purposes.

Cognitive Dissonance

A psychological state that describes the uncomfortable feeling when a person holds two or more conflicting cognitions, beliefs, attitudes, or values at the same time.