Examlex
Knowledge that people apply to the task of living in a physical environment is
Double-Digit Inflation
A period of economic condition where the rate of inflation reaches or exceeds 10%, significantly eroding purchasing power.
Unemployment Rate
The ratio of the labor force characterized by lack of employment but ongoing job search efforts.
Great Depression
A severe worldwide economic downturn in the 1930s, marked by mass unemployment, deflation, and a significant decline in economic activity.
1970s
The 1970s is a decade known for significant economic, political, and cultural shifts, including the energy crisis, inflation, and changes in global politics.
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