Question

24. The U.S. economy was in recession at the end of the first decade of this century. Compared to previous economic downturns,____.

A. fewer jobs were lost, and the economy recovered more quickly

B. this recession lasted longer, but there was less unemployment

C. this recession lasted longer and had a deeper impact on employment

D. more jobs were lost, but the job market quickly recovered

Answer 1

The correct answer is letter C

The crisis triggered by subprimes, high-risk mortgages in the US housing market, originated in the past decade. At that time, thanks to technological advances and productivity gains in the 1990s, the American economy was able to grow at reasonable rates with inflation under control.