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      Question

      From the following what describes a ā€˜depressionā€™ the

      best?
      A A short period of economic recession marked by significant declines in income and employment Correct Answer Incorrect Answer
      B A prolonged period of economic recession marked by significant declines in income and employment Correct Answer Incorrect Answer
      C A prolonged period of economic recession marked by significant declines in income and population Correct Answer Incorrect Answer
      D A prolonged period of high inflation marked by decline in economic growth and employment Correct Answer Incorrect Answer
      E A prolonged period of high inflation marked by decline in economic growth and population Correct Answer Incorrect Answer

      Solution

      The correct answer is B

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