The Recession of 1990-1992

question 87

Multiple Choice

The recession of 1990-1992

• A) was relatively mild but prolonged.
• B) was blamed on President George H. W. Bush's broken pledge not to raise taxes.
• C) was helped by the government's debt reduction policies in the late 1980s.
• D) went mostly unnoticed by middle- and working-class Americans.
• E) caused an unusually high number of bankruptcies.

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Definitions:

Thinking

Thinking is the process of considering or reasoning about something, encompassing judgment, decision-making, and problem-solving among other cognitive activities.

Stress

A psychological and physical response to demands or threats, often characterized by feelings of tension, worry, and heightened arousal.

Hindsight Bias

The tendency to believe, after learning an outcome, that one would have foreseen it, often referred to as the "I-knew-it-all-along" phenomenon.

Confirmation Bias

Confirmation bias is the tendency to search for, interpret, favor, and recall information in a way that confirms one's preexisting beliefs or hypotheses.