The slump that followed the 2008 financial crisis is called the:
A) Great Depression
B) Great Moderation.
C) Great Recession.
D) Great Modernization.

Question

Quizplus · Accepted Answer

The slump that followed the 2008 financial crisis is called the Great Recession. It was a global economic downturn that lasted from 2007-2009 and was caused by issues in the housing market and banking industry. It is important to note that the Great Depression occurred in the 1930s and was a much more severe economic crisis. The Great Moderation refers to a period of economic stability during the 1980s and 1990s, while the Great Modernization is not a term commonly associated with economic downturns.

The Slump That Followed the 2008 Financial Crisis Is Called