Homework Answers
Ans:-The financial crisis 2007-2009
Explanation:-The break down of the housing bubbles in 2007-2009 causes a great depression.Which result unemployment rate to 10% in 2009,that is doubble or more than doubble in pre financial crisis rate.The 2007-2009 depression caused a very high growth in structural unemployment.The great depression that followed the financial crises regurarly making structural employment by permanently abololishing certain jobs in some area of the economy.
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