The economic contraction from July 1981 to November 1982 was very similar to the Great Recession of 2007-2009 in terms of gross domestic product (GDP) growth and in terms of the unemployment rate.Although there were these similarities,one thing emerges as the main difference between these two recessions.Please discuss that difference and provide evidence.

Question

Quizplus · Accepted Answer

The Answer of The economic contraction from July 1981 to November 1982 was very similar to the Great Recession of 2007-2009 in terms of gross domestic product (GDP) growth and in terms of the unemployment rate.Although there were these similarities,one thing emerges as the main difference between these two recessions.Please discuss that difference and provide evidence.

The Economic Contraction from July 1981 to November 1982 Was