Which of the following is not a characterization of a depression?
A) High unemployment rates
B) Lower stock values
C) two or more consecutive three-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

Consecutive periods of GDP decline are a significant characteristic of a recession, not a depression. Depressions have more long-lasting and severe impacts on the economy, such as massive unemployment and business failures, as well as a widespread lack of confidence in the economy.

Which of the Following Is Not a Characterization of a Depression