Question

Which of the following is a severe and long-lasting economic downturn that is worse and deeper than a recession? a. A contraction b. The business cycle c. An expansion d. A depression

Answer 1

Which of the following is a severe and long-lasting economic downturn that is worse and deeper than a recession? Depression. A depression on an economy will also cause a severe reduction in the gross domestic product. The gross domestic product is also known as the GDP. A depression is a severe and long lasting economic downturn that is worse than a recession.