Examlex
What term is a synonym for IDDM?
Business Cycle
The cyclical pattern of economic growth characterized by phases of expansion, peak, downturn, and recovery, which naturally progresses over time.
Recovery Phase
A period in the economic cycle where economic activity starts to increase again after a recession, leading to growth in GDP and employment.
Prosperity
A state of economic well-being and flourishing, characterized by financial success and material wealth.
Consumer Price Index
An indicator that measures the average price weighted across a mix of consumer goods and services, including but not limited to transportation, food, and healthcare.
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