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Title: Hi

Essay Details:

Subject: Miscellaneous

Author: Thomas C

Date: January 14, 2015

Level: University

Grade: A

Length: 57 / 16948

Essay text:

Recessions are the result of falling demand and may be associated with falling prices (deflation), or sharply rising prices (inflation) or a combination of rising prices and stagnant economic growth (stagflation). A severe or prolonged recession is referred to as an economic depression. Although the distinction between a recession and a depression is not clearly defined, it is often said that a decline in GDP of more than 10% constitutes a depression.[7] A devastating breakdown of an economy (essentially, a severe depression, or hyperinflation, depending on the circumstances) is called economic collapse...

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