Question

Define the term depression. A. a short contraction of the economy B. a lengthy period of stagflation C. a recession that is especially long and severe D. an economy that has dipped temporarily into a trough

Answer 1

Answer:

The answer is C) a recession that is especially long and severe.

Explanation:

"Depression" and "Recession" can be confused sometimes. A recession happens when the economy of one country slows down causing lost of jobs, lack of ability from the banks to give credits, bankruptcies, high volatile relative value fluctuations etc.  over just a period of time, however; Depression is usually very long and sustained. It can cause political turmoil because people began to starve and many revolutionaries blame the governments for it.  

Answer 2

C. a recession that is especially long and severe