Answer:
Previously-existing banking regulations and a diversified economy helped Texas escape some of the worst effects of the Great Recession.
EXPLAINATION : The Great Recession of 2007–2009 was the most severe and lengthy economic crisis in the U.S. since the Great Depression. The impacts on the population were multi-dimensional, but operated largely through local labor markets.
To examine differences in recession-related changes in county unemployment rates and assess how population and place characteristics shaped these patterns.
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