A depression is a severe recession that is often accompanied by deflation.

Name: A depression is a severe recession that is often accompanied by deflation.
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A depression is characterized by a severe and prolonged economic downturn, often accompanied by high unemployment, low consumer spending, and a significant decrease in GDP. Deflation, which is a general decline in prices, also often occurs in a depression as businesses struggle to make sales and reduce prices in an attempt to stimulate demand.

A Depression Is a Severe Recession That Is Often Accompanied