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Inflation Rate
How quickly the overall price level for goods and services climbs, resulting in lower purchasing capability.
Cyclical Unemployment
Unemployment directly related to cycles of economic upturn and downturn, such as recessions and expansions.
Great Depression
A severe worldwide economic downturn during the 1930s, characterized by massive unemployment and deflation.
Ph.D.
A Ph.D. is a Doctor of Philosophy degree, a postgraduate academic degree awarded by universities, signifying advanced research and scholarly achievement in a specific field.
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