"Great Recession" of 2007-09

In late 2010 economists were debating whether the U.S. economy was in a recession. GDP seemed to be rising, yet the unemployment rate was stuck at close to 10 percent. In thinking about the economic distress experienced during a recession, which is the most important: high unemployment or falling GDP? Defend your answer.

NBER confirms recession began in February

The 2008 Financial Crisis

2008 Financial Crisis

2008 Financial Crisis and Banking Regulators, Panel 2