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Cashland's banking system recently crashed. This eventually led to companies being unable to borrow money to run their businesses and employees needed to be terminated. These circumstances cut into consumer's purchasing power, causing a severe decline in the prices of goods and services, better known as ________.
Haircut Market
Refers to the market for hair styling and cutting services; often used to exemplify basic economic principles like supply, demand, and market equilibrium in a tangible context.
Labor-Market Discrimination
The unequal treatment of job applicants or workers based on race, gender, age, or other irrelevant characteristics which affects their opportunities and wages.
Wage Increase
An increase in the rate of pay for workers, which can occur due to economic growth, inflation, or increased demand for labor.
Monthly Workshops
Regularly scheduled events that focus on teaching or exploring specific topics or skills in depth.
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