During the Great Recession of 2007-2009, the U.S.________

question 78

Multiple Choice

During the Great Recession of 2007-2009, the U.S.________.

• A) experienced unprecedented declines in household wealth
• B) the unemployment rate more than doubled to just over 10%
• C) experienced the most severe economic downturn since the Great Depression
• D) all of the above
• E) none of the above

---

Definitions:

Accord and Satisfaction

A legal agreement whereby disputes are settled by the parties agreeing to accept something different from what was originally expected.

Release

An agreement where one party agrees to relinquish any claims, demands, or potential legal action against another party, often in return for compensation.

Legal Detriment

A loss or disadvantage suffered as a result of entering into a legal agreement or contract.

Identity Theft Penalty Enhancement Act

A federal law passed to impose stricter penalties on individuals convicted of identity theft, including aggravated cases involving terrorism or felony.