The so-called Great Recession in the U.S.:
A) Is another name for the Great Depression
B) Was the worst economic downturn since the Great Depression
C) Was triggered by oil-supply shocks
D) Was caused by a sharp increase in the value of the U.S. dollar

Question

Quizplus · Accepted Answer

The Great Recession was the worst economic downturn since the Great Depression, with a peak unemployment rate of 10% in October 2009. It was caused by a variety of factors including the collapse of the housing market, risky lending practices, and the global financial crisis. It was not triggered by oil-supply shocks or a sharp increase in the value of the U.S. dollar.

The So-Called Great Recession in the U.S