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Question | Answer |
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depression | Depression is a severe and prolonged downturn in economic activity. A depression may be defined as an extreme recession that lasts three or more years or which leads to a decline in real gross domestic product (GDP) of at least 10% in a given year. |
fistco policy | Fiscal policy is a collective term for the taxing and spending actions of governments. |
monetary policy | Monetary policy is primarily concerned with the management of interest rates and the total supply of money in circulation and is generally carried out by central banks, such as the U.S. Federal Reserve (Fed) |
gdp | How much a country makes |
recession | A recession is a significant, widespread, and prolonged downturn in economic activity. A common rule of thumb is that two consecutive quarters of negative gross domestic product (GDP) growth mean recession, although more complex formulas are also used. |
primal utility | the amount you don't need that particular thing anymore and you find something more viable |
starn |