Examlex
How does microeconomics differ from macroeconomics?
Business Fluctuations
The cyclical increases and decreases in economic activity that an economy experiences over time.
Great Depression
A severe worldwide economic depression that took place during the 1930s, starting in the United States, marked by significant declines in industrial production and employment.
More Severe
Used to describe a situation or condition that is significantly worse or more intense than others.
Gross Domestic Product
The total value of all goods and services produced within a country's borders in a specific time period, used as an indicator of economic health.
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