The Recession of 2007-2009 and Its Aftermath Had Different Effects

question 147

Multiple Choice

The recession of 2007-2009 and its aftermath had different effects on various sectors of the economy.Which of the following sectors of the U.S.economy had the highest unemployment rate in August 2011,topping 12 percent?

• A) education and health services
• B) manufacturing
• C) construction
• D) financial activities

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Definitions:

Countercyclical Payments

Government payments to individuals or businesses that increase during economic downturns and decrease during periods of economic growth.

Food, Conservation, and Energy Act

A U.S. law, commonly known as the 2008 Farm Bill, that provides funding for various agricultural, nutritional, and energy programs.

Countercyclical Payments

Payments made by the government to counteract economic downturns, aimed at stabilizing the economy by increasing spending during low periods.

Farm Commodities

Basic agricultural products that are used both for consumption and as inputs in the production of other goods.