One of the remarkable things about the 2001 recession was the:
A) fact that unemployment fell.
B) jobless recovery.
C) rapid return to potential output.
D) deflation.
E) impact of Hurricane Katrina on it.

Question

Quizplus · Accepted Answer

The 2001 recession was characterized by a jobless recovery, which meant that although the economy started to recover, the unemployment rate remained high for an extended period of time.

One of the Remarkable Things About the 2001 Recession Was