Compared to the averages for post World War II recessions,the recession of 2007-2009 was ________ in duration and the decline in real GDP was ________.
A)longer; greater
B)longer; smaller
C)shorter; greater
D)shorter; smaller

Question

Quizplus · Accepted Answer

The recession of 2007-2009 lasted for 18 months, making it longer than the average post-World War II recession, which lasted around 11 months. Additionally, the decline in real GDP during the 2007-2009 recession was greater than the average decline in previous recessions. Therefore, option A is the correct answer.

Compared to the Averages for Post World War II Recessions,the