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Depressions and Slumps

Depressions and Slumps. Depressions and Slumps. A depression is a deep and long-lasting recession. A slump is a long period of low or no growth, longer than a typical recession, but less deep than a depression. Disinflation, Deflation, and the Liquidity Trap. 22-1.

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Slumps - PowerPoint PPT Presentation

Depressions and Slumps