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What is meant by a "liquidity trap?"
Industrial Revolution
A period of major industrialization that took place during the late 1700s and early 1800s, drastically changing the methods of production.
Nuclear Unit
A family group consisting of two parents and their children, considered a basic social unit.
Negligence Per Se
A legal doctrine that declares an act to be inherently negligent because it violates a statute or regulation, thereby causing harm to a person that the statute was intended to protect.
Literal Meaning
The most direct or explicit meaning of a word or text, without interpretation.
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