Almost All Major Economies Faced High Unemployment and Low Growth

question 75

True/False

Almost all major economies faced high unemployment and low growth following the 2008 financial crisis.

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Definitions:

Portugal

A country located in southwestern Europe on the Iberian Peninsula, known for its rich history, cultural heritage, and maritime discoveries.

Free Trade Policies

Advocate for minimal restrictions on the import and export of goods and services between countries, aiming to increase economic efficiency and growth.

U.S.

A country located in North America, known officially as the United States of America, which is a federal republic consisting of 50 states.

Goods And Services Deficit

The situation where a country imports more goods and services than it exports, leading to a negative trade balance.