Which of the following statements is true of the Great Recession?
A)It was the largest economic downturn since the Great Depression.
B)Its impact was limited to the United States.
C)It began in 1993.
D)The economy recovered from the Great Recession in 2007.

Question

Quizplus · Accepted Answer

The Great Recession, which began in 2008, was the largest economic downturn since the Great Depression of the 1930s. The impact of the recession was felt globally, not just in the United States. It lasted until 2009 and was followed by a slow and gradual recovery period. The statement about the recession starting in 1993 and the economy recovering in 2007 is false.

Which of the Following Statements Is True of the Great