Examlex
Do we want members of Congress to represent the views of their constituents exactly? What value is there in a member voting based on their personal preferences and the privileged information they gain as members of Congress?
Business Cycle
The natural rise and fall of economic growth over time, consisting of periods of expansion, peak, contraction, and trough.
Successive Peaks
Repeated achieving of higher levels or values in a given sequence, often used in the context of economic growth, stock market performance, or other measurements of success.
Contraction
A phase of the business cycle where there is a decline in national output and economic activity.
Standard Of Living
The degree of wealth and material comfort available to a person or community, measured through income, employment, class disparity, poverty rate, and housing affordability.
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