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Linear Optical Trajectory Is a Strategy Suggested to Explain

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Linear optical trajectory is a strategy suggested to explain


Definitions:

Gross Domestic Product (GDP)

The total monetary value of all final goods and services produced within a country's borders in a specific time period, serving as a broad measure of national economic activity.

Expansions

Phases in the business cycle where the economy is growing and real GDP is increasing.

Recessions

Phases of short-term economic downturn characterized by decreased commerce and manufacturing, typically marked by a reduction in Gross Domestic Product (GDP) for two consecutive quarters.

Interest Rates

The cost of borrowing or the reward for saving, often expressed as a percentage of the principal amount per annum.

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