Which of these characteristics made the 2008–2009 recession differ MOST sharply from previous recessions?

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BlackTom AI · Accepted Answer

Question restatement: Which of these characteristics made the 2008–2009 recession differ MOST sharply from previous recessions?

Option a: a large increase in teenage unemployment. While teen unemployment often rises during recessions, this pattern is not unique to the 2008–2009 episode and tends to occur in other downturns as well. The magnitude and persistence of teen unemployment did not stand out as the defining feature that set this recession apart from earlier ones.

Option b: higher rates of female unemployment than rates of male unemployment. If anything, gender gaps in unemployment have fluctuated across cycles, and this specific pattern did not emerge as the hallmark distinguishing the 2008–2009 recession from prior ones. The recession affected many groups and did not consistently show a clear and persistent gender dominance in unemployment.

Option c: an increase in the rate of job separation and a decrease in the rate of job finding. Conventional recession dynamics do include higher separation (firings) and lower job finding (hiring), but this combination is common across many downturns. It does not uniquely differentiate the Great Recession from earlier recessions in a way that stands out as the most distinguishing feature.

Option d: a large spike in the duration of unemployment. This characteristic is widely noted as particularly distinctive for the 2008–2009 period: many unemployed individuals experienced much longer spells of unemployment than in previous recessions, reflecting deeper scarring, weak job demand, and structural frictions. This prolonged duration stood out relative to earlier downturns and is frequently highlighted as a key differentiator.

Summary of reasoning: While several labor-market responses occur during recessions (teen unemployment fluctuations, gender patterns, higher separations and lower job finding), the marked and unusually long unemployment spells during the 2008–2009 downturn are cited in analyses as the feature that most sharply separated it from prior recessions. The other options describe patterns that either occurred in past recessions or were not as uniquely distinguishing for this episode.

105A Ch 7 (Unemployment) Homework

Which of these characteristics made the 2008–2009 recession differ MOST sharply from previous recessions?

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