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Recall the Application about the factors involved in causing recessions, and the causes of recessions in the United States from 1893 to 1990 to answer the following question(s) .
-Recall the Application. Recessions can occur either when there is a(n) ________ in aggregate demand or a(n) ________ in aggregate supply.
Breach of Contract
The incapacity to fulfill any condition of a contract, whether it's written or spoken, in the absence of a justified legal reason.
Negligently Fails
The lack of due care or attention in fulfilling a responsibility or duty, resulting in harm or damage.
Duty of Loyalty
A legal obligation of an individual to act in the best interests of another party or entity, often in a fiduciary capacity.
Flooring
In retail, it refers to the financing or loan provided to cover the cost of inventory; in construction, it pertains to the material used to construct floors.
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