Examlex
Which of the following is a true statement?
1929
Refers to the year marked by the stock market crash in October, which contributed to the onset of the Great Depression.
Stagflation
An economic condition characterized by slow economic growth, high unemployment, and rising prices.
Full Employment
A state in an economy where all eligible workers who want to work at current wage rates can find employment, with no involuntary unemployment.
Recessions
Economic periods of decline characterized by falling GDP and increasing unemployment, often leading to reduced consumer spending and investment.
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