When did the Great Recession start? It began in United States It began in 2007 The Great recession finished in 2008.
When did the Great Recession end? It was an economic decline It began in 2007 The Great recession finished in 2008.
According to the text what happened in September 2008? The recession took a turn It was the initial phase of the crisis The recession finished.
How the initial phase of the economic crisis star? It started on August 9 2007 In the banking market It began with a financial liquidity crisis.
What did the BNP Paribas have to do? The bank had to stop money withdrawls It had to give a response to the situation It had a complete evaporation of the liquidity.
Where did the recession begin? The recession started in Europe It started in United States It began in France.
When did the national recession meet the IMF's criteria to be a global recession? It was in 2009 Because it was a crisis No, it didn't.
Who represents 80% of the GDP? The global recession definition The quarterly data The G20 members.
what happened with the US mortgage-backed securities? It was negotiated arount the world Over 18 months They were negotiated around the world.
Where did the recessión produce increase in prices? Because it was a bad financial situation In food and petroleum No, it was more difficult.
Why did a major panic break out on the inter-bank loan market? Because of increasing loan losses and fall of Lehman Brothers Because in 2008 Because other risky loans.
According to the text, what did the American and European banks suffer? They suffered prices declines. They suffered great losses and even faced bankruptcy Only in United States and Europe.
What did the global recession result? In a big fall in the international trade In a small drop in the international trade in a sharp drop in unemployment and slumping commodity prices.
What did Paul Krugman say? He won the Nobel Memorial Prize in Economics He said in 1930 Paul said that the recession was possible the start of a "second Great Depression".
What did the John Maynard Keynes set up? He set up Macroeconomics ideas He set up fiscal and monetary policies He set up the Great Recession.
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