Recession vs. Depression: Definitions and Differentiation


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question 1 of 3

Which of the following statements regarding recessions is FALSE?

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1. What common rule of thumb do economists use to define a recession?

2. What's a depression?

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About This Quiz & Worksheet

Use this quiz to test yourself on two different types of challenging economic times: recession and depression. The quiz will ask you to define both and identify the factors that cause them.

Quiz & Worksheet Goals

Students who take this quiz will be expected to know something about the following items:

  • Definition of the terms recession and depression
  • Characteristics of a recession
  • Unemployment rate during the Great Depression
  • The Great Recession of 2007-2009

Skills Practiced

Students who take this quiz will be working on the following skills:

  • Reading comprehension - draw the key facts from the related economics lesson
  • Defining key concepts - ensure that you can accurately define recession and depression
  • Distinguishing differences - know the differences between a recession and a depression
  • Knowledge application - use your knowledge to answer questions about the Great Depression and the Great Recession of 2007-2009

Additional Learning

For more information on this topic, take a look at the accompanying lesson Recession vs. Depression: Definitions & Differentiation. It will help students meet the following objectives:

  • Define recession and depression
  • Differentiate between recession and depression
  • Identify the unemployment rate during the Great Recession