Read: "Most economists distinguish between a recession, in which output falls, and a depression, which is deeper and longer." What is the key difference?
Answer and explanation
Correct answer: B. The depth and duration of the decline
- Step 1: The passage names depth and duration as the difference. Answer: The depth and duration of the decline. Why not the others: The country in which the decline occurs, The type of currency used by the economy and The political party in power at the time don't fit.
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