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Using real GDP and employment growth relative to the peak of the business cycle, the 2007-2009 recession, as compared to the previous two recessions in

Using real GDP and employment growth relative to the peak of the business cycle, the 2007-2009 recession, as compared to the previous two recessions in 1990 and 2001:

was deeper.

was less severe.

was shorter.

was shorter but more severe.

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