(Consider This) The so-called Great Recession in the U.S.
A) is another name for the Great Depression.
B) was the worst economic downturn since the Great Depression.
C) was triggered by oil-supply shocks.
D) was caused by a sharp increase in the value of the U.S. dollar.

Question

Quizplus · Accepted Answer

The Great Recession (2008-2009) was the worst economic downturn since the Great Depression (1929-1939), but it was a distinct event caused by factors such as a housing market bubble, subprime lending practices, and financial deregulation. It was not caused by oil-supply shocks or a sharp increase in the value of the U.S. dollar.

(Consider This) the So-Called Great Recession in the U