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

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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.