The distinction between recessions and depressions is that recessions are
A)longer than depressions
B)more severe than depressions
C)accompanied by price increases,depressions by price decreases
D)shorter and less severe than depressions
E)accompanied by price decreases,depressions by price increases

Question

Quizplus · Accepted Answer

Recessions are generally shorter and less severe than depressions, which can last for several years and result in widespread economic hardship. Additionally, recessions are typically marked by a decrease in economic activity and employment, whereas depressions may involve significant price decreases in addition to economic turmoil.

The Distinction Between Recessions and Depressions Is That Recessions Are