A Depression Can Be Defined as _____

Multiple Choice

A depression can be defined as _____

A) a mild reduction in total production coupled with a rising unemployment rate that lasts for several years.
B) a mild decline in total production that lasts less than six months.
C) a severe fall in stock prices that causes financial panic and lasts less than six months.
D) a severe reduction in total production coupled with high unemployment that lasts for several years.
E) a decline in government spending and taxes that lasts less than six months.