Following the 2008 financial crisis:
A)both the United States and the European Union recovered very quickly, with output reaching its previous level by early 2009.
B)recovery in both the United States and the European Union was very slow.
C)the United States recovered very quickly, but recovery in the European Union was very slow.
D)the European Union recovered very quickly, but recovery in the United States was very slow.

Question

Quizplus · Accepted Answer

Both the United States and the European Union experienced slow recovery following the 2008 financial crisis. In the United States, it took until 2014 for the output to reach its previous level, while in the European Union, it took until 2017 for the same level to be reached. Therefore, option B is the correct choice.

Following the 2008 Financial Crisis