The Great Recession was similar to other recessions since World War II in that:
A) there was extremely high inflation.
B) real gross domestic product (GDP) initially declined and then recovered sometime later.
C) real GDP increased rapidly and then leveled off.
D) the rate of unemployment was unchanged.
E) the trade deficit fell to zero.

Question

Quizplus · Accepted Answer

The Great Recession was similar to other recessions since World War II in that real gross domestic product (GDP) initially declined and then recovered sometime later.

The Great Recession Was Similar to Other Recessions Since World