Examlex
As recently as the 1990s, what was the predominant belief regarding the sources of the primary threat in international politics?
Saving and Investment
The act of setting aside income for future use and allocating it to instruments expected to generate returns over time
Nominal-Wage Rigidity
The situation where nominal wages are slow to adjust to changing economic conditions, affecting employment and economic dynamics.
Classical Self-Correction Mechanism
A theory suggesting that free markets are capable of automatically adjusting to and correcting economic imbalances.
Recessions
A temporary downturn in the economy marked by decreased trade and industrial activities, typically recognized by a decline in Gross Domestic Product (GDP) for two consecutive quarters.
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