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Can public and private interests be reconciled in a liberal democracy? Are they mutually exclusive?
Trough
The lowest point in an economic cycle, marking the transition from recession to recovery.
Peak
The highest point reached by a commodity or market price before a decline.
Recession
A period of temporary economic decline during which trade and industrial activity are reduced.
Purchasing Power
Purchasing power denotes the value of a currency expressed in terms of the amount of goods or services that one unit of money can buy.
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