The 2008-2009 rcession was more severe than all recent recessions except the one in
A) 1981-1982.
B) 1974-1975.
C) 1990-1991.
D) 2001-2002.
E) 1969-1973.

Question

Quizplus · Accepted Answer

The 2008-2009 recession was the most severe recession since the Great Depression of the 1930s. It caused the highest unemployment rate in the United States since the early 1980s. Out of the given options, the only recession that was more severe than the 2008-2009 recession was the recession of 1981-1982, which was caused by high interest rates and a tight monetary policy implemented by the Federal Reserve to combat inflation. This recession led to an unemployment rate of over 10% and lasted for 16 months. Therefore, option A is the best choice.

The 2008-2009 Rcession Was More Severe Than All Recent Recessions