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What's the difference between a Recession, Depression, and Stagflation? In this video, We will explain what each of these economic terms means, how they're different from one another, and how they can be used to describe our current economic situation. Economic recessions are periods in which the economy is slowing down or contracting. A Depression is an extremely severe recession that lasts for years with no signs of recovery on the horizon. Stagflation is an economic situation in which inf
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