The Great Recession began in
A) December 2009.
B) June 2009.
C) August 1929.
D) December 2007.
E) January 1930.

Question

Quizplus · Accepted Answer

The Great Recession began in December 2007 with the collapse of the housing market and financial institutions. Option A is incorrect because that is when the recession technically ended, according to the National Bureau of Economic Research. Option B is incorrect as it is too early, and options C and E refer to the Great Depression, which is a separate economic downturn that began in 1929.

The Great Recession Began in