The Big Difference Between the Great Recession and the Recession

question 70

Multiple Choice

The big difference between the Great Recession and the recession of 1982 was

• A) how the economy recovered after the recessions had officially ended.
• B) the increase in the unemployment rate that occurred during each recession.
• C) the quarterly real GDP growth rates at the official start of each recession.
• D) the length of each recession.
• E) the total decline in the economy during each recession.

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Definitions:

Reactive Problem Solving

An approach to problem-solving that involves responding to issues only after they have occurred, rather than anticipating them in advance.

No-Meetings Task Policy

A workplace strategy that allocates certain periods or days without scheduled meetings to increase productivity and focus on task execution.

High-Performance Results

Outcomes that significantly exceed the standard or expected levels of achievement.

Performance Potential

The capacity or ability of an individual or organization to attain and exceed predetermined goals or targets.