Answers Academy - Economics and Personal Finance Unit TestQuestion 13

13

QuizMultiple Choice

Unit Test

Question 13 • Academy - Economics and Personal Finance

Does a depression always follow a recession?

Answer

Y

Yes, the trough is always considered a depression.

N

No, a depression is indicated when the recession is exceptionally long.

Y

Yes, for recovery to occur, the trough must be reached.

N

No, the economy could decline quickly and bypass recession.

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