In the U.S., the Great Depression: lasted from 1990 through 2009. O started in December 2007 and ended in June 2009. caused a decline in Real GDP of 27% and lasted 43 months. O caused a decline in Real GDP of 4.3% and lasted 18 months.
In the U.S., the Great Depression: lasted from 1990 through 2009. O started in December 2007 and ended in June 2009. caused a decline in Real GDP of 27% and lasted 43 months. O caused a decline in Real GDP of 4.3% and lasted 18 months.
Chapter1: Making Economics Decisions
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![In the U.S., the Great Depression:
O lasted from 1990 through 2009.
O started in December 2007 and ended in June 2009.
caused a decline in Real GDP of 27% and lasted 43 months.
O caused a decline in Real GDP of 4.3% and lasted 18 months.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3e42c1f9-b5f5-4283-9126-205e5e322f6b%2F6aef4914-6434-4bc3-b64d-63d9845d4a16%2Foliz7e6_processed.jpeg&w=3840&q=75)
Transcribed Image Text:In the U.S., the Great Depression:
O lasted from 1990 through 2009.
O started in December 2007 and ended in June 2009.
caused a decline in Real GDP of 27% and lasted 43 months.
O caused a decline in Real GDP of 4.3% and lasted 18 months.
![The Great Recession:
O began in December of 2008, and ended in June of 2009.
O began in December of 2007, and ended in June of 2010.
O lasted for 43 months.
O lasted for 18 months.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3e42c1f9-b5f5-4283-9126-205e5e322f6b%2F6aef4914-6434-4bc3-b64d-63d9845d4a16%2Fawn53k7_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The Great Recession:
O began in December of 2008, and ended in June of 2009.
O began in December of 2007, and ended in June of 2010.
O lasted for 43 months.
O lasted for 18 months.
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