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Railways PYQCBT 2 2017

RRB NTPC · Question 63

In economics, a very deep, long and painful recession is called as?

  1. Depression

  2. Deflation

  3. Inflation

  4. Depreciation

Show answer & explanation

Answer: (A) Depression

Explanation

A depression is a severe, prolonged recession, like the Great Depression of the 1930s.