The Recession of 2007-2009 Probably Lasted Longer Than Other Postwar

question 64

True/False

The recession of 2007-2009 probably lasted longer than other postwar recessions because it was associated with a bank-centered financial crisis.

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Definitions:

Mid-ocean Ridges

Underwater mountain ranges formed by plate tectonics, where new oceanic crust is created through volcanic activity along divergent plate boundaries.

Ocean Plates

Large pieces of the Earth's crust that move over the partially molten outer layer, specifically those under the oceans.

Diverge

To move or extend in different directions from a common point, often used in reference to plate tectonics or paths.

Subducted Plate

A tectonic plate that is being forced downward into the mantle beneath another plate at a convergent boundary.