Examlex
Stanovich uses the "Matthew effect" to describe which phenomenon?
Depression
A severe and prolonged downturn in economic activity, characterized by significant decline in GDP, high unemployment, falling prices, and reduced levels of trade and investment.
Banks
Financial institutions that accept deposits from the public, make loans, and provide various financial services, including currency exchange and wealth management.
Electricity
A form of energy resulting from the existence of charged particles such as electrons or protons, either statically as an accumulation of charge or dynamically as a current.
Expansion
A phase in the business cycle where economic activity is increasing, characterized by higher output, employment, and trade.
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