Question

Select ALL the correct answers.
In what two ways did the Great Recession of 2008 affect Americans?

Many people lost their homes and jobs.
There were lower levels of student debt.
Businesses around the country closed.
Consumer spending increased.

Answer 1

Answers 1 and 3. A recession is a decline in the economy so debt would increase since there aren’t abilities to pay it back as well and people don’t have enough to spend anymore

Answer 2

The Great Recession of 2008 affected American in two ways, first one is many people lost their homes and jobs, second, business around the country closed.

What is the Great Recession of 2008?

The Great Recession was a period of economic slump that lasted from 2007 to 2009, following the bursting of the housing bubble in the United States and the worldwide financial crisis. The Great Recession was the worst economic downturn in the United States since the 1930s' Great Depression.

To learn more about the Great Recession of 2008 here.

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