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When did the Great Recession begin and end? How many months did it last? When did the Great Depression begin and end? How many months did it last?
Wage Rate
The standard amount of pay given for work performed, typically expressed as an amount per hour or amount per piece of work completed.
Endowment
The total resources, including wealth, talent, or abilities, that individuals or institutions possess, which can influence their capacity to make economic decisions.
Alimony
Financial support paid by one ex-spouse to another after divorce, as ordered by a court.
Budget Line
A graphical representation that shows all possible combinations of two goods that a consumer can afford with their income level.
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