One Difference Between the Great Recession and the Great Depression

question 111

Multiple Choice

One difference between the Great Recession and the Great Depression is that

• A) unemployment was far higher during the Great Recession.
• B) very few banks failed during the Great Depression,but many failed during the Great Recession.
• C) the U.S.government reduced the money supply during the Great Recession but raised it during the Great Depression.
• D) the U.S.government reduced taxes during the Great Recession but raised them during the Great Depression.
• E) there was significant inflation during the Great Depression and not during the Great Recession.

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Definitions:

Negative Information

Data or details that reflect poorly on a person, situation, or entity, often highlighting flaws, dangers, or undesirable outcomes.

Self-Actualization Needs

The highest level in Maslow's hierarchy of needs, where individuals strive for fulfillment, creativity, and the realization of their potential.

Abram Maslow

An American psychologist best known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs in priority, culminating in self-actualization.

Needs Hierarchy

A theory of human motivation that is often visualized as a pyramid, with the most basic needs at the bottom.