Comments on: Will you help answering my personal finance class question?

By: The Professor

The Professor — Tue, 27 Jan 2009 17:23:29 +0000

And see if your teacher has heard this one…

Q: What is the difference between a recession and a depression?

A: A recession is when your neighbor is out of work. A depression is when you are out of work!

Saving Freak — Mon, 26 Jan 2009 01:50:06 +0000

Recession is the correct answer, but we are more likely to go through a period of slow growth. Recession is when the economy actually shrinks.

voluntarheel — Sun, 25 Jan 2009 01:50:39 +0000

yep, its recession – but we’re not there yet.