Examlex
Understanding of object permanence occurs during the sensorimotor stage.
Recessions
A season of ephemeral economic retreat, observed through decreased levels of commerce and industrial production, commonly distinguished by a fall in GDP in consecutive quarters.
Unemployment Rate
The percentage of the workforce that is unemployed and in active search of employment opportunities.
Economic Expansion
A phase of the business cycle where the economy grows and experiences increased levels of production, employment, and consumer spending.
Stagflation
A situation in an economy where inflation rates are high while economic growth rate slows down and unemployment remains steadily high.
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