Examlex
Most of the time, researchers can assume that respondents will understand concepts, like race and class, in the same way.
Trough
The transition point between recession and recovery.
Business Cycle
The economic cycle that involves periods of economic expansion, peak, contraction, and trough.
Contraction
A period of economic decline marked by falling GDP, reduced consumer spending, and increased unemployment.
Operating Leverage
A measure of how revenue growth translates into growth in operating income, indicating the degree to which a company can increase its profits by increasing sales.
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