The Big Difference Between the Great Recession and the Recession

question 110

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 gross domestic product (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:

Life Experiences

The events, situations, and occurrences that a person encounters throughout their lifetime, contributing to their personal development and world view.

Rorschach Inkblot

A psychological test in which subjects' perceptions of inkblots are recorded and then analyzed using psychological interpretation, complex algorithms, or both.

Minnesota Multiphasic

A comprehensive psychological test known as the Minnesota Multiphasic Personality Inventory (MMPI), used to assess personality and psychopathology.

Ethnic Minorities

Groups within a community who have different national or cultural traditions from the main population, often with a history of less power or representation.