Which of the following is not a characterization 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 actually a characterization of a recession, not a depression. Depressions are commonly defined as severe and prolonged economic downturns that include high unemployment, low stock values, decreased business activity, and lack of confidence in the economy.

Which of the Following Is Not a Characterization of a Depression