Economic problems that led to the recession at the end of the first decade of the twenty-first century produced:
A)stability in unemployment rates.
B)low unemployment rates.
C)moderate change in unemployment rates.
D)unusually high unemployment rates.

Question

Quizplus · Accepted Answer

The economic problems that led to the recession at the end of the first decade of the twenty-first century resulted in an unusually high unemployment rate. This was due to factors such as the subprime mortgage crisis, a decline in consumer spending, and a decrease in business investment. As a result, many industries experienced job losses, leading to a significant rise in unemployment.

Economic Problems That Led to the Recession at the End