What is the difference between a recession and a depression

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asked Jan 10, 2018 9.9k views

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Steffan Perry · Answer 1 · 2018-01-14T12:16:44+0000

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.

What is the difference between a recession and a depression

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