Question

In 2008 and early 2009, share values declined sharply as the global economy fell into a severe recession. This type of stock market is referred to as a:

Answer 1

The correct answer is "Bear market"

Step-by-step explanation:

A bear market is a condition or period when the securities or stock prices fall 20% or more. when this condition occurs many investors opt to sell off their stocks, its a period identified for fear.

Keep in mind that this condition increases at least a two-month timeframe.