What Is the Difference Between a Recession and a Depression

What is the difference between a recession and a depression?

A) A depression is a short-term decrease in economic growth,while a recession lasts several quarters or even years.
B) A depression and a recession are functionally equivalent and are interchangeable terms.
C) Recessions can only occur in developed countries,as lesser developed countries lack the institutions that make recessions possible;depressions can occur in any country.
D) Depressions are long-term downturns in the business cycle leading to a variety of economic problems,while recessions are merely declines in economic growth and activity.
E) Recessions are predictable,while depressions usually do not offer any warning.

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