Examlex
What are the four variables Gilbert and Kahl used to develop a six-class model to reflect the class structure of the United States and other capitalist countries?
School of Thought
A particular philosophy or a specific way of thinking that is characteristic of a certain group or period.
Recession
A significant decline in economic activity spread across the economy, lasting more than a few months, typically visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.
Velocity of Money
The rate at which money circulates in the economy, typically measured as the ratio of GDP to the national money supply.
United States
A country located in North America, comprising 50 states, a federal district, five major self-governing territories, and various possessions.
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