The Great Recession of 2007-09 and the Consequent Policy Response

question 59

Multiple Choice

The Great Recession of 2007-09 and the consequent policy response made the:

• A) Actual budget deficit become very close to the cyclically-adjusted deficit during that period
• B) Actual budget deficit shrink during that period
• C) Cyclically-adjusted deficit grow during that period
• D) Cyclically-adjusted budget balance turn positive during that period

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Definitions:

Psychotic Phases

Periods characterized by delusions, hallucinations, disorganized speech or behavior, indicating a temporary break from reality.

Depression

A persistent mental health issue involving a constant sense of despair or lack of enthusiasm for activities, greatly interfering with daily habits.

Emotional Reactions

Immediate responses of feelings to an event, situation, person, or object, which can vary in intensity and duration.

Cognitive-Behavioural Therapy

A form of psychotherapy that treats problems by modifying dysfunctional emotions, behaviors, and thoughts.