Depression

From CNM Wiki

Jump to: navigation, search

Depression. An especially lengthy and deep decline in output.

Definition

According to Principles of Economics by Timothy Taylor (3rd edition),

Depression. An especially lengthy and deep decline in output.

According to Macroeconomics by Mankiw (7th edition),

Depression. A very severe recession.

Retrieved from "https://wiki.cnmcyber.com/w/index.php?title=Depression&oldid=50207"