Economists call a severe prolonged economic recession a

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A depression is typically defined as a severe and prolonged recession, characterized by a significant decline in economic activity, high levels of unemployment, and a fall in GDP output. Slump and contraction are also often used to describe economic downturns but may be less severe than a depression. Stagnation refers to a prolonged period of slow or no economic growth. Trend refers to the general direction of an economic variable, such as GDP or inflation, over time.

Economists Call a Severe Prolonged Economic Recession a