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We do not have a precise definition of a depression, but it is worse than a recession, which is also not very well-defined, although the Wikipedia link I put in the related links area gives a couple of rules of thumb.
What else can I help you with?
What is the definition of financial depression?
Financial depression is a severe and prolonged economic downturn characterized by high levels of unemployment, reduced consumer spending, and overall economic hardship.
What is the economic depression?
While there is no formal textbook definition of a depression, it can be colloquially summarized as a really bad recession. A common rule of thumb is that a depression is a contraction where the economy (GDP) shrinks by 10% or more.
What is the full definition of economic depression?
We do not have a precise definition of a depression, but it is worse than a recession, which is also not very well-defined, although the Wikipedia link I put in the related links area gives a couple of rules of thumb.
Is the US in an economic depression?
what is an economic depression?
WHAT IS AN ECONOMIC DEPRESSION?
The Great Depression
What is an example economic depression?
The Great Depression
What happens during an economic depression?
During an economic depression threes a lack of economic activity that can last for several years.
What is the etymological definition of depression?
== ==
What is the opposite of economic depression?
Economic prosperity.
Were the westerners affected by the economic depression in 1819?
Westerners were not affected by the economic depression in 1819. t or f
What is the definition of sorrows?
to be sad and depression
What is the definition of anxiety disorder?
Depression
