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At Some Point During the Financial Crisis of 2008-2009, People

question 101

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At some point during the financial crisis of 2008-2009, people with uninsured deposits at financial institutions withdrew money from their accounts at those institutions. This phenomenon characterized which element of the financial crisis?


Definitions:

Demographic Transition

Due to industrialization, a decline in the birthrate following a reduction in the death rate so that the population growth rate is lowered.

Birthrate

A measure of population growth or decline, calculated as the number of live births per 1,000 people per year.

Death Rate

The ratio of deaths in an area to the population of that area; usually expressed per 1000 individuals per year.

Carrying Capacity

The maximum population size of a biological species that can be sustained by a specific environment, given the food, habitat, water, and other necessities available in the environment.

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