Statement I: Our shortest recession since the Great Depression has been six months.
Statement II: The longest U.S.expansion since the Great Depression was for 10 years.

Question

Quizplus · Accepted Answer

Statement I is true as the shortest recession in the U.S. since the Great Depression was the 2020 recession, which lasted about two months. Statement II is true as the longest U.S. economic expansion lasted 10 years, from June 2009 to February 2020.

Statement I: Our Shortest Recession Since the Great Depression Has