Due to the extremely high unemployment rates and the large number of individuals employed part- time due to economic reasons,the______________began in 2007-2008.

Question

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The term "Great Recession" is commonly used to refer to the economic downturn that began in 2007-2008, during which there were extremely high unemployment rates and a large number of individuals employed part-time due to economic reasons. The term reflects the severity and prolonged nature of the recession, which shares some similarities with the Great Depression of the 1930s.

Due to the Extremely High Unemployment Rates and the Large