The Great Recession was different from other recessions since World War II in that:
A) the economy did not return to normal for at least one year.
B) most consumers were unaffected by the recession.
C) the overall economy took far longer to recover than the usual post World War II recession.
D) the rate of unemployment increased and then decreased at a later time.
E) real gross domestic product (GDP) initially declined and then recovered sometime later.

Question

Quizplus · Accepted Answer

The Great Recession took far longer to recover than the usual post-World War II recession. It took several years for the economy to fully recover, in contrast to previous recessions where recovery was quicker. Other options are incorrect: A, D, and E all describe typical patterns for recessions, while B is not true as most consumers were affected by the recession.

The Great Recession Was Different from Other Recessions Since World