I found in A Multigrid Tutorial: Second Edition by William L. Briggs, Van Emden Henson, Steve F. (here) the following Schemes:
Two-Grid Correction Scheme, p. 37:
And V-Cycle Scheme, p. 40
I want to check that I understood it correctly, Two-Grid is just a multigrid scheme when the algorithm going one level coarser. It's useful for cases where it possible to solve $A^{2h}e^{2h}=r^{2h}$ equation, otherwise it implemented recursively which basically creating the V-Cycle. Did I understand it right? Is there any additional advantages and disadvantages of Two-Grid Vs. V-Cycle?

