Ask your own question, for FREE!
History 16 Online
OpenStudy (rockstar0765):

what is the difference between depression and Recession

OpenStudy (rockstar0765):

please help i will give u a metal

OpenStudy (anonymous):

A recession is characterised as a period of negative economic growth for two consecutive quarters. In a recession, unemployment will rise, output fall and government borrowing increase. A depression is a recession much more severe and long lasting.

Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!
Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!