Question

How did us recover from 2008 recession?

Answer 1

The Great Recession in the United States was a severe financial crisis combined with a deep recession. While the recession officially lasted from December 2007 to June 2009, it took many years for the economy to recover to pre-crisis levels of employment and output. This slow recovery was due in part to households and financial institutions paying off debts accumulated in the years preceding the crisis[1] along with restrained government spending following initial stimulus efforts.[2] It followed the bursting of the housing bubble, the housing market correction and subprime mortgage crisis....

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