Which of these is(are) true? I. The 18-month economic downturn that lasted from December 2007 to July 2009 was dubbed the Great Depression.
II) The economic recovery that took place after the 2007-2009 economic downturn was slow, requiring many years for economic indicators to return to their prerecession levels.
III) The housing boom of 2003 to 2007 did not contribute to the 2007-2009 economic downturn.

Question

Quizplus · Accepted Answer

The 2007-2009 economic downturn was called the Great Recession, not the Great Depression. The recovery was indeed slow, but the housing boom did contribute to the downturn.

Which of These Is(are) True? I