D. the grocery industry 2. The difference between a recession and a depression is: A. a recession is a decline in real GDP while a depression is the same as the trough phase of the business cycle B. a recession is a decline in real GDP while a depression is a decline in nominal GDP C. a recession is a decline in nominal GDP while a depression is a decline in real GDP D. there is no truly technical distinction between a recession and a depression 3. Official unemployment statistics:
D. the grocery industry 2. The difference between a recession and a depression is: A. a recession is a decline in real GDP while a depression is the same as the trough phase of the business cycle B. a recession is a decline in real GDP while a depression is a decline in nominal GDP C. a recession is a decline in nominal GDP while a depression is a decline in real GDP D. there is no truly technical distinction between a recession and a depression 3. Official
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