Question

What made the recession of 2007minus 2009 different than any other recession since the Great​ Depression?...

What made the recession of

2007minus

2009

different than any other recession since the Great​ Depression?

A.

The government did not implement a fiscal stimulus.

B.

The impact was primarily limited to the financial sector.

C.

The Fed failed to reduce interest rates.

D.

It was accompanied by a financial crisis.

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Answer #1

It was accompanied by a financial crisis.

Greta recession caused by collapse of real estate market was accompanied by financial crisis. There was no financial crisis during great depression

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