What is the difference between a recession and a depression? A. A depression is the opposite of a recession. B. A depression occurs at the peak of the business cycle, while a recession occurs during a contraction. C. A depression is a particularly severe and long-lasting form of recession. D. A depression is caused by government inaction, while a recession i
What is the difference between a recession and a depression? A. A depression is the opposite of a recession. B. A depression occurs at the peak of the business cycle, while a recession occurs during a contraction. C. A depression is a particularly severe and long-lasting form of recession. D. A depression is caused by government inaction, while a recession i
Chapter1: Making Economics Decisions
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30. What is the difference between a recession and a depression?
A. A depression is the opposite of a recession.
B. A depression occurs at the peak of the business cycle, while a recession occurs during a contraction.
C. A depression is a particularly severe and long-lasting form of recession.
D. A depression is caused by government inaction, while a recession is a natural feature of the business cycle.
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