Question

Texas may have been spared some of the worst consequences of the Great Recession due to

Answer 1

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.