Which of the following is not a characterisation of a depression?
A) High unemployment rates
B) Lower stock values
C) Two or more consecutive six-month periods of GDP decline
D) General decrease in business activity
E) General lack of confidence in the economy by members of the population

Question

Quizplus · Accepted Answer

Two or more consecutive six-month periods of GDP decline is a characterization of a recession, not a depression. Depressions are typically characterized by more severe and prolonged economic downturns, where a variety of economic indicators experience significant declines for an extended period of time.

Which of the Following Is Not a Characterisation of a Depression