A depression is different from a recession in that

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Quizplus · Accepted Answer

A depression is typically characterized by a severe and prolonged economic downturn, marked by high unemployment rates, reduced consumer spending, and a significant slowdown of business activity. In contrast, a recession is generally shorter and less severe than a depression, and it typically involves a significant decline in economic activity, such as a decline in Gross Domestic Product (GDP), but not to the extent of a depression.

A Depression Is Different from a Recession in That