Which of the Following Statements Is True About the 2008-09

question 155

Multiple Choice

Which of the following statements is true about the 2008-09 recession?

• A)During that period, job losses in the United States were minimal and the unemployment rate fell.
• B)During that period, job losses in the United States were minimal, but the unemployment rate rose.
• C)During that period, job losses in the United States were large, but the unemployment rate fell.
• D)During that period, job losses in the United States were large and the unemployment rate rose.
• E)By the end of the 2008-09 recession, payroll employment increased in the United States.

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Definitions:

Good-faith Effort

An honest attempt or endeavor made in a sincere and honest effort, without intent to defraud or seek unfair advantage.

Defective Merchandise

Products that are flawed or malfunctioning and do not meet the warranted or expected standard of performance or safety.

Credit Card Applications

Formal requests submitted by individuals seeking to open a credit card account, requiring financial information to evaluate creditworthiness.

Open-end Credit

A revolving credit line that allows a borrower to spend up to a certain limit, repay it, then borrow again.