QUESTION IMAGE
Question
officially, the word \depression\ means that the economy has had at least two straight years of decreasing gdp
true
false
Brief Explanations
The official definition of an economic depression does not specify "at least two straight years of decreasing GDP." A recession is commonly defined as two consecutive quarters of negative GDP growth, while a depression refers to a more severe and prolonged economic downturn with no strict two-year GDP decrease criterion.
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False