Which of the following is different between the great depression and the 2007-2009 financial crisis? a. only the financial crisis was caused by an asset bubble b. only during the 2007-2009 crisis, were expansionary policies employed c. only the great depression was characterized by unacceptably high unemployment d. during only the great depression was demand so weak that deflation was a concern
Which of the following is different between the great depression and the 2007-2009 financial crisis?
a. only the financial crisis was caused by an asset bubble
b. only during the 2007-2009 crisis, were expansionary policies employed
c. only the great depression was characterized by unacceptably high
d. during only the great depression was demand so weak that deflation was a concern
From 1929 through 1939, there was a serious economic downturn on a global scale known as the Great Depression. The depression of the 20th century was the longest, deepest, and most pervasive one ever.
The worldwide financial crisis of 2007–2009 started in 2007 and continued until 2009. The housing and mortgage asset bubble, excessive risk-taking by banks and financial institutions, and a lack of regulation were some of the causes that contributed to its origin.
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