After the end of the recession of 2001,it took _______ months for the economy to recover to full employment

Question

Quizplus · Accepted Answer

The question is asking about how long it took for the economy to recover to full employment after the recession of 2001. This means that we need to find the period between the end of the recession and the point at which the economy reaches full employment. According to the National Bureau of Economic Research, the recession ended in November 2001. Full employment, however, is harder to define, but it is typically considered to be an unemployment rate of around 4%. It took until May 2005 for the unemployment rate to fall below 4%, which is approximately 39 months after the end of the recession. Therefore, answer choice C) 39 is the correct choice.

After the End of the Recession of 2001,it Took _______