Which of the following happened during the recession of 2007-2009?
A) Housing prices rose.
B) Food prices rose.
C) Unemployment increased.
D) Consumption increased.

Question

Quizplus · Accepted Answer

During the recession of 2007-2009, unemployment increased significantly. Many businesses were forced to close or lay off workers, leading to a sharp rise in the number of people out of work. Housing prices also fell sharply during this time, making it harder for homeowners to sell their homes or refinance their mortgages. Food prices may have risen slightly but this was not a significant aspect of the recession. Consumption actually decreased during the recession as people had less money to spend.

Which of the Following Happened During the Recession of 2007-2009