History, 27.06.2019 22:00 RickandMorty420710

In economics, what is the difference between a recession and a depression? a) a recession is always temporary (less than 6 months) while a depression is much longer. b) the unemployment rate during recessions must rise above 10%, while during depressions the rate is between 8 and 10%. c) recessions are may include both inflation and increasing gdp, while depressions are typically characterized by stagnant prices and low unemployment. d) recessions are economic contractions that last 6 months or longer, while depressions are particularly severe economic contractions with no specified time frame.

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In economics, what is the difference between a recession and a depression? a) a recession is always...