It is most accurate to say that the recession of 2008/2009 has resulted in ________.
A) an overselling of private goods
B) a disbelief in the American dream
C) a decline in conspicuous spending
D) an increase in materialism
E) the elimination of false wants

Question

Quizplus · Accepted Answer

The recession of 2008/2009 led to a decline in conspicuous spending, meaning people were less likely to show off their wealth through extravagant purchases. This suggests that the recession had a modest impact on reducing materialism and discouraging false wants, as people became more concerned with their financial security and less focused on acquiring status symbols. However, it cannot be said that the recession resulted in an overselling of private goods or an increase in materialism. While some may have lost faith in the American dream, it is too broad a statement to be the most accurate description of the recession's impact.

It Is Most Accurate to Say That the Recession of 2008/2009