Economics in the News April 15, 2020 First study the news article linked below. Recession or depression? Canada's economy is in for a rough spring 1. According to the news article, when did the Great Depression begin and how long did it last? The Great Depression began in and it lasted OA. 2008, 2 years OB. late 1929, 12 years OC. late 1929, 5 years OD. mid-1932, until the United States was attacked at Pearl Harbour 2. What is a recession? A recession is a period during which OA. total production and total employment are decreasing OB. the unemployment rate exceeds 6 percent (BE) Price level LRAS Real GDP (billions of 2012 dollars) E SPAS ADO