Difference between revisions of "Depression"
(Created page with "Depression. An especially lengthy and deep decline in output. ==Definition== According to Principles of Economics by Timothy Taylor (3rd edition), :Depression. An...") |
|||
| Line 4: | Line 4: | ||
According to [[Principles of Economics by Timothy Taylor (3rd edition)]], | According to [[Principles of Economics by Timothy Taylor (3rd edition)]], | ||
:[[Depression]]. An especially lengthy and deep decline in output. | :[[Depression]]. An especially lengthy and deep decline in output. | ||
| − | + | According to [[Macroeconomics by Mankiw (7th edition)]], | |
| + | :[[Depression]]. A very severe recession. | ||
[[Category: Economics]][[Category: Articles]] | [[Category: Economics]][[Category: Articles]] | ||
Latest revision as of 14:24, 2 July 2020
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.
