August 24th – Question

When was the last time the U.S. economic bubble burst and the economy saw a recession? 

A. 1999 
B. 2008 
C. 2019 
D. 1929 

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Answer – B.  The average U.S. home lost one-third of its value when the nation experienced what was probably the greatest economic contraction since the Great Depression of the 1930s. This most recent period became known as the Great Recession. 

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