Distinguish between a recession and a depression.

Name: Distinguish between a recession and a depression.
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The Answer is During a recession unemployment rises, while total buying power declines.
Pessimism accompanying a recession often stifles both consumer and business spending. A prolonged recession may become a depression, a period in which unemployment is extremely high, wages are very low, total disposable income is at a minimum, and consumers lack confidence in the economy.

Distinguish Between a Recession and a Depression