Financial Crisis Assignment | Homework For You
“The financial crisis of 2007-2008 in the U.S. led to the period of the Great Recession in U.S. and in world markets during the late 2000s and early 2010s. In the U.S. specifically, GDP declined by 0.3 percent in 2008 and 2.8 percent in 2009, and unemployment briefly touched 10 percent during this period (in the pre-recession period, the unemployment rate was only 4.7%). The …
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