The Most Recent Recession of the United States Occurred

question 163

Multiple Choice

The most recent recession of the United States occurred

• A)between 2001 and 2006.
• B)between the end of 2007 and the middle of 2009.
• C)between 2005 and the present.
• D)between 1929 and 1933.
• E)in 2001.

---

Definitions:

Labor-saving Devices

Tools, machines, or systems that reduce the amount of labor needed to perform a task or produce a good.

Proprietor's Income

The income earned by the owners of unincorporated businesses for their labor and capital investment.

Salary

A fixed regular payment, usually expressed as an annual sum, made by an employer to an employee, especially a professional or white-collar worker.

Economic Forecasts

Predictions about future economic activity, including growth rates, inflation, and labor market conditions, based on current and historical data.