Which of the following statements is true about the Great Recession?
a. Tweens are the most affected by it.
b. It increased inflation rates to almost ten percent.
c. It began with the collapse of inflated housing prices.
d. It increased employment rates to almost ten percent.
ANSWER: c
The official beginning of the Great Recession of 2008-2009 was December 2007. While the causes of the recession are very complex, this one began with the collapse of inflated housing prices.
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