The Longest and Most Severe of These Recessions Was in

question 52

Multiple Choice

The longest and most severe of these recessions was in

• A)2007 - 2009.
• B)1990-1991.
• C)1960-1961.
• D)1953-1954.

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Definitions:

China

A country in East Asia, known for its long history, diverse culture, and significant influence on global politics and economy.

Currency Exchange Rate

The value of one currency for the purpose of conversion to another, dictating how much one currency is worth in terms of another.

Value Fluctuation Rate

The rate at which the value of an asset or currency rises or falls over a specific period of time.

NAFTA

The North American Free Trade Agreement, which was an agreement among the United States, Canada, and Mexico designed to remove tariff barriers between the respective countries.