What's the Difference Between a Recession and a Depression

Multiple Choice

What's the difference between a recession and a depression?

A) A recession is accompanied by rising prices; a depression by falling prices.
B) A recession is a major expansion in economic activity; a depression is a contraction.
C) A recession is a small downturn in output and employment; a depression is a large downturn.
D) A recession lasts less than 3 quarters; a depression lasts longer than 3 quarters.