A particularly bad recession (in which output declines much more than usual for a recession) is called

Question

Quizplus · Accepted Answer

A particularly bad recession is called a depression. This is because it is characterized by a severe contraction of economic activity, high levels of unemployment, and a significant decline in output and investment. It is more severe than a typical recession, with deeper and longer-lasting effects on the economy. The term "depression" is used to distinguish this type of recession from milder downturns that are simply called recessions.

A Particularly Bad Recession (In Which Output Declines Much More