Practice mode Basic of Economics

A depression is a severe decline in a national or international economy. Which of these is a characteristic of it?

Correct answer D. All of these

Explanation

A depression is a prolonged, deep downturn marked by collapsing business activity, falling prices and mass unemployment, as seen in the 1930s.

Report a problem

Answer checked How we write and check questions

Tip: press A, B, C or D to answer, and N for the next question.

Advertisement

Have a question about this answer?

Your email address will not be published. Required fields are marked *

Links and website addresses are not allowed in comments.