During the Great Recession of 2007-2009, unemployment shot up and a lot of people lost their jobs. All over the United States, people worried about job security. Which of the following do you think happened as a result of the Great Recession?
(i) Consumers ate out less often.
(ii) Consumers purchased fewer higher-end vehicles.
(iii) Purchases of new housing went down.
(iv) Consumers took fewer vacations outside the United States.
A) (i) , (ii) and (iv) are correct.
B) (i) and (iv) are correct.
C) (ii) and (iii) are correct.
D) (i) , (ii) , (iii) and (iv) are all correct.
Correct Answer:
Verified
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