A depression is:
A. a severe and extended period of recession.
B. a recession that lasts more than four quarters.
C. a recession that lasts more than three quarters.
D. a recession that lasts more than eight quarters.
Answer: A
A depression is:
A. a severe and extended period of recession.
B. a recession that lasts more than four quarters.
C. a recession that lasts more than three quarters.
D. a recession that lasts more than eight quarters.
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