Examlex
The ____ is the horizontal axis where categories are plotted.
Economic Growth
An increase in the output of goods and services in an economy over time, often measured as the percent rate of increase in real GDP.
Adjustable Rate Mortgages
A mortgage where the interest rate on the remaining balance changes over the duration of the loan.
Mortgage Default
Occurs when a borrower fails to make required payments on their mortgage loan, risking foreclosure and loss of property.
Economic Crisis
A situation in which a country experiences a severe downturn in its economy, characterized by a significant decline in economic activity, high unemployment, and financial instability.
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