Although the Great Recession technically ended in 2010, there are ...

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Although the Great Recession technically ended in 2010, there are long-term consequences still being felt; for instance, governments at the local, state, and federal level
 
  a. received large influxes of money by charging penalties to banks that had engaged in predatory lending practices.
  b. spent large amounts of tax money on services for the newly homeless.
  c. lost significant tax revenues, causing them to impose punitively high taxes.
  d. lost significant tax revenues, causing them to face serious budget shortfalls.

Question 2

The Chicago Coalition for the Homeless found that in 2008, 22 of families seeking emergency shelter were
 
  a. choosing to walk out on their underwater mortgages.
  b. seeking shelter after a natural disaster.
  c. homeless for the first time.
  d. chronically homeless.

[SeanoH09]

Answer to Question 1

Answer: d. lost significant tax revenues, causing them to face serious budget shortfalls.

Answer to Question 2

Answer: c. homeless for the first time.