Examlex
Risk to bondholders comes from
1. possibility of default
2. higher interest rates
3. higher inflation
Elasticity Coefficient
Refers to a numerical measurement of how responsive an economic variable is to a change in another variable.
Supply Elastic
Relates to how much the quantity supplied of a good changes in response to changes in its price.
Recession
An economic downturn marked by a significant decline in activity across the economy, lasting more than a few months.
Demand Decline
A situation where the desire or willingness of consumers to purchase a particular good or service decreases over time.
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