Sierminska, Eva; Takhtamanova, Yelena - 2010
The recession the United States economy entered in December of 2007 is considered to be the most severe downturn the … country has experienced since the Great Depression. The unemployment rate reached as high as 10.1 percent in October 2009 … - the highest we have seen since the 1982 recession. In this paper we examine the severity of this recession compared to …
