When the economy goes into a deep,widespread,and prolonged downturn,it is called an:

Name: When the economy goes into a deep,widespread,and prolonged downturn,it is called an:
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An economic depression is a severe and prolonged downturn in the economy, characterized by widespread unemployment, business failures, and declining gross domestic product (GDP). It is more severe than an economic recession and often lasts for several years, with a significant impact on society as a whole.

When the Economy Goes into a Deep,widespread,and Prolonged Downturn,it Is