Question

    From the following what describes a ‘depression’ 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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