Asked by Evette Juarez on Jul 07, 2024
Verified
The recession of 2008-2009 was in many ways the worst macroeconomic event in more than half a century.
Recession 2008-2009
A period marked by a significant decline in economic activity across the global economy, initiated by the financial crisis of 2007-2008.
- Appreciate the historical context and impact of significant economic events like the Great Depression and the 2008-2009 recession.
Verified Answer
MD
Muhammad Dzul HaqiemJul 13, 2024
Final Answer :
True
Explanation :
The recession of 2008-2009, also known as the Global Financial Crisis, was indeed the worst macroeconomic event since the Great Depression of the 1930s, causing widespread economic downturn, high unemployment rates, and significant financial distress globally.
Learning Objectives
- Appreciate the historical context and impact of significant economic events like the Great Depression and the 2008-2009 recession.
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