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Part of you wants to get up right now, tear up this test, leave, and go get some pizza. The other part of you will keep trudging through because you want a good grade and want to graduate from college. The first part of you is the ______, and the second part of you is the ______.
Recession Phase
A temporary downturn in the economy, observed through decreased industrial and commercial pursuits, typically observed by a GDP decline in two consecutive quarters.
Endogenous
Endogenous refers to factors or processes that originate from within a system, such as internal economic conditions or policies affecting an economy's performance.
Innovation Theory
A concept in economics that attributes economic growth and development primarily to the introduction of new technologies and improvements in processes or products.
Under Consumption
A situation where consumers are spending less than what is needed to drive economic growth due to various factors like low income or high savings.
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