Which of the following statements is true of the Great Recession?
a. It was the largest economic downturn since the Great Depression.
b. Its impact was limited to the United States.
c. It began in 1993.
d. The economy recovered from the Great Recession in 2007.
ANSWER: a
The Great Recession was the largest economic downturn since the Great Depression, which spanned 1929 to 1939. During the Great Recession, unemployment rose from slightly over four percent to over ten percent.
Business
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