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Mainstream Economists Say That Recessions Are Unlikely to Occur Today

question 116

True/False

Mainstream economists say that recessions are unlikely to occur today because prices and wages
are highly flexible downward.


Definitions:

Reamplify

The process of amplifying a signal again, usually to restore its strength after it has been weakened or degraded.

U.S. Currency

The official money used in the United States, primarily consisting of Federal Reserve Notes (dollars) and coins.

Held Abroad

Refers to assets or investments located or held in a foreign country, outside of the investor's home nation.

Unit Of Account

The yardstick people use to post prices and record debts.

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