Question

Although most economic contractions or recessions last sixteen months, the most recent recessionary period referred to as the great recession lasted _____. twenty-one months five years ten years five months none of the above

Answer 1

none of the above

Step-by-step explanation:

The great recession was a period of economic crisis that began in 2007 and lasted for 18 months. This period was characterized by a global economic environment that began during an international financial crisis precipitated by the bankruptcy of the traditional US investment bank Lehman Brothers, founded in 1850. In domino effect, other large financial institutions collapsed, in the process also known as " subprime crisis ".

To avert a collapse, the US government re-privatized the 1968 Fannie Mae and Freddie Mac real estate credit agencies, which will be under government control indefinitely, pumping $ 200 billion into both agencies, considered the largest bailout already made by the US government.

Answer 2

The answer that would best complete the statement above would be none of the above, since the answer is six months or two quarters. Although most economic contractions or recessions last sixteen months, the most recent recessionary period referred to as the great recession lasted more than two quarters or six months. Hope this answers your question.