Question

A depression is:

A. a particularly severe and protracted recession.

B. a particularly strong and protracted expansion.

C. the high point of economic activity prior to a downturn.

D. the low point of economic activity prior to a recovery.

Answer 1

A depression is a prolonged period of economic recession marked by a significant decline in income and employment. It is the low point of economic activity prior to a recovery.

Step-by-step explanation:

A depression is a prolonged period of economic recession marked by a significant decline in income and employment. It is the low point of economic activity prior to a recovery. Depressions are typically characterized by high unemployment rates, restricted economic growth, and a decline in total output and trade.