Podcast
Questions and Answers
When did the Great Recession begin?
When did the Great Recession begin?
- 2010
- 2009
- 2007 (correct)
- 2005
What was a major criticism against President George W. Bush, his administration, and Congress?
What was a major criticism against President George W. Bush, his administration, and Congress?
- They established strong policies against the economy
- They failed to establish a firm policy of oversight within the economy (correct)
- They raised taxes too high
- They decreased access to credit lines
What was the result of consumers having increased access to credit lines and sub-prime loans?
What was the result of consumers having increased access to credit lines and sub-prime loans?
- They eliminated household debt
- They reduced their household debt
- They maintained a stable level of household debt
- They increased their share of household debt (correct)
How did the Great Recession compare to other economic declines in US history?
How did the Great Recession compare to other economic declines in US history?
What were some of the effects of the Great Recession?
What were some of the effects of the Great Recession?
Why is understanding the Great Recession important?
Why is understanding the Great Recession important?
When did the Great Recession roughly end?
When did the Great Recession roughly end?
What was the approximate worth of the housing market that collapsed in December 2007?
What was the approximate worth of the housing market that collapsed in December 2007?
What happened to Bear Stearns investment in March 2008?
What happened to Bear Stearns investment in March 2008?
What was the result of Lehman Brothers Financial declaring bankruptcy in September 2008?
What was the result of Lehman Brothers Financial declaring bankruptcy in September 2008?
What happened to the national unemployment rate between 2007 and 2009?
What happened to the national unemployment rate between 2007 and 2009?
What was the approximate percentage of wealth lost by Hispanic and African Americans during the recession?
What was the approximate percentage of wealth lost by Hispanic and African Americans during the recession?
What did President Bush attempt to do to stimulate investment and consumer spending?
What did President Bush attempt to do to stimulate investment and consumer spending?
What was the name of the economic recovery package approved by President Bush in 2008?
What was the name of the economic recovery package approved by President Bush in 2008?
What was the estimated number of jobs lost in the United States between 2008 and 2009?
What was the estimated number of jobs lost in the United States between 2008 and 2009?
