Question

during the great recession, the united states congress increased the length of time that unemployment benefits could be received from 52 weeks to 99 weeks. this change caused:

Answer 1

One of the important laws passed by Congress during the Great Recession to combat the rising rate of unemployment was to lengthen the term of unemployment insurance (UI). Prior to the recession, all states save for two offered a maximum of 26 weeks of benefits. However, most states only went as long as 99 weeks during the recession.

The Great Recession is an economic recession that began in the United States as a result of the financial crisis of 2007–2008 and extended fast to other nations. It was the longest and most severe economic Recession to hit several nations, including the United States, since the Great Depression, starting in late 2007 and extending until mid-2009 (1929–c. 1939).

The collapse of the U.S. housing bubble in 2007 marked the start of the financial crisis, which saw a dramatic reduction in liquidity in international financial markets.

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