A depression can be defined as:
A) a mild reduction in total production coupled with a rising unemployment rate that lasts for several years.
B) a mild decline in total production that lasts less than six months.
C) a severe fall in stock prices that causes financial panic and lasts for several years.
D) a severe reduction in total production coupled with high unemployment that lasts for several years.
E) a decline in government spending and taxes that lasts for several months.
Correct Answer:
Verified
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Q32: Which of these partly accounts for the
Q33: A key difference between recessions and depressions
Q35: A period of sustained growth in output
Q36: Which of these is true of the
Q37: Which of the following would indicate the
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A)measure changes in
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