If we compare the Great Depression with the Great Recession, we see that
A)the Great Recession was more severe but of much shorter duration than the Great Depression
B)unemployment reached 24% in the Great Depression but only 12% in the Great Recession
C)both economic downturns were the result of a major stock market crash
D)the policy responses to the Great Recession were much more immediate and massive than the responses to the Great Depression
E)all of the above

Question

Quizplus · Accepted Answer

The policy responses to the Great Recession were indeed more immediate and massive, reflecting lessons learned from the Great Depression. Governments and central banks around the world took swift action to inject liquidity into the markets, stabilize financial institutions, and implement fiscal stimulus measures to mitigate the economic downturn.

If We Compare the Great Depression with the Great Recession