The period of economic downturn that ensued after the financial crisis of 2007-08 andaffected many countries world-wide is called:

– by
Question:

The period of economic downturn that ensued after the financial crisis of 2007-08 andaffected many countries world-wide is called:

A.

the great depression

B.

the great recession

C.

black friday

D.

great collapse

Answer» b. the great recession

Note: The above multiple-choice question is for all general and Competitive Exams in India.