arielali112 arielali112

16-05-2017
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what is the difference between a recession and a depression

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YoungBloodBBN YoungBloodBBN

16-05-2017

Recession is when economic activity slows down over a period of time. It is temporary. Depression is when economic activity sustains a long term downward spiral of activity.

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Aristurtle Aristurtle

12-05-2022

Answer:

A depression is a particularly deep recession with high levels of unemployment.

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GradPoint

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