In the Great Recession of 2007-2009, the Stock Market Values

question 112

Multiple Choice

In the Great Recession of 2007-2009, the stock market values shrank, causing a reverse:

• A) Wealth effect
• B) Real-balances effect
• C) Interest-rate effect
• D) Expectations effect

---

Definitions:

Psychosocial Crises

Critical events, conditions, or situations impacting an individual's psychological development and social stability, often requiring resolution for healthy progression.

Erikson's

Pertains to Erik Erikson's theory of psychosocial development, which outlines eight stages from infancy to adulthood, focusing on the development of personality and identity.

Autonomy

The capacity to make an informed, uncoerced decision independently.

Shame and Doubt

Feelings of inadequacy that can arise in early childhood as part of psychosocial development, according to Erik Erickson's stages.