Final answer:
A long-lasting or sustained economic downturn is called a(n) depression.
Step-by-step explanation:
A long-lasting or sustained economic downturn is called a(n) depression. A depression is characterized by a significant decline in economic activity, which lasts for an extended period of time and affects various aspects of the economy, such as production, employment, and consumption. One example of a depression is the Great Depression of the 1930s, where there was a severe worldwide economic downturn.
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