The Recession of 2008-2009 Demonstrated That ________

question 22

Multiple Choice

The recession of 2008-2009 demonstrated that ________.

• A)consumption is especially sensitive to changes in the retirement age
• B)changes in wealth can be a major source of fluctuations in consumption
• C)as consumers get older,they tend to exhaust all their savings
• D)permanent income is something of a misnomer

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Definitions:

Refreezing

Represents the final stage in Lewin's change management model where new behaviors or changes are solidified into the organizational culture after a change process.

Driving Forces

Factors that motivate and influence the direction of change or progress within an organization or individual.

Urgency

Describes a situation or condition that requires immediate action or attention, often associated with a sense of pressing need or priority.

Saving Face

The desire or action to avoid embarrassment or preserve reputation and dignity in social contexts, often influencing decision-making and behavior in organizational settings.