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A Depression Can Be Defined as

Question 31

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

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