The Great Recession was different from other recessions since World War II in that
A) the rate of unemployment increased and then decreased at a later time.
B) the increase in unemployment was much greater and lasted longer.
C) real gross domestic product (GDP)initially declined and then recovered sometime later.
D) the economy did not return to normal for at least one year.
E) the rate of inflation did not change at all.

Question

Quizplus · Accepted Answer

The Great Recession was different from other recessions since World War II in that the increase in unemployment was much greater and lasted longer. In previous recessions, the rate of unemployment increased but then decreased at a later time. However, during the Great Recession, unemployment remained high for an extended period, with some individuals being out of work for more than a year.

The Great Recession Was Different from Other Recessions Since World