Question

What is the difference between a recession and a depression? Depressions are longer and more severe than recessions. Recessions are longer and more severe than depressions. Recessions usually have no unemployment while depressions do. Depressions usually have no unemployment while recessions do.

Answer 1

The difference between a recession and a depression is that "depressions are longer and more severe than recessions." Both recessions and depressions involve certain levels of unemployment.

Answer 2

Depressions are longer and more severe than recessions.

Step-by-step explanation:

Depressions are an extreme form of recessions. They´re unusual but their characteristics are a long-term downturn on economic activity. A major increase in unemployment, a large number of bankruptcies and, a highly volatile currency value fluctuations.

I hope this answer helps you.