In a recession, the economy contracts for two or more quarters. Adepressionwill last for several years. The unemployment rate tends to be lower during a recession. For example, unemployment rose to 10.0% during the Great Recession and 14.7% during the 2020 recession.7During the Great Depression...
A 正确答案:A 解析:由文章第5段最后一句:In the months ahead,there will surely be more hurdles,moreenduring lessons,and certainly more triumphs as we continue our fight.可知,文章提到未来还有很多挑战,并没有说医疗保健在短期内会取得很大成效。 知识模块:阅读 Recession Vs the Impact that the School ...
, In 2021 and 2022, the global auto industry became an asset bubble, caused by a spike in consumer demand and an international chip shortage during the COVID-19 pandemic. When a critical economic sector (such as housing) grows to a bubble, the inevitable pop can lead to a recession....
The recession started with a financial panic in 1873 with the failure of Jay Cooke & Company, a major bank. The event caused a chain reaction of bank failures across the country and the collapse of a bubble in railroad stocks. The New York Stock Exchange shut down for 10 days in respon...
Can a recession be predicted?Recessions happen—that’s just the price of doing business in a capitalist system. Knowing when one will happen, obviously, confers a lot of benefits to societies, businesses, and individuals. But foretelling the future is always a risky and uncertain proposition. ...
When Did the Subprime Meltdown Happen? In 2007, high-risk mortgages started defaulting, which triggered the meltdown in 2008. The Great Recession of 2008 lasted 18 months, although the effects of the subprime meltdown have impacted the housing industry ever since. ...
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更多“If the economy goes into a recession and incomes fall, what happens in the markets for inf”相关的问题 第1题 听力原文: If the earth gets hotter in the new century, what will happen to animals and the plants which animals depend on for survival? The question offers another way of...
But a recession is so much more than a simple measure of economic decline. It can happen in both micro and macro capacities, caused by ranging catalysts. And while there’s plenty of panic and trepidation surrounding them, understanding them can alleviate some of this fear through context. Her...
"Economies around the world are connected, and you're seeing that happen right now," Lipow said. High gas prices are particularly painful in a nation dependent on autos for the majority of travel, trips to the supermarket and to work. Gas price increases hurt low income individuals and famil...