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    Principles of Economics Study Set 12
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    Exam 17: Macroeconomics: the Big Picture
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    What Is the Difference Between a Recession and a Depression
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What Is the Difference Between a Recession and a Depression

Question 91

Question 91

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What is the difference between a recession and a depression? Have there been any depressions over the last 50 years? Justify your answer.

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There is no formal definition for a depr...

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