Examlex
When three buyers purchase the products of three producers, nine transactions are required. If one intermediary serves both producers and buyers, the number of possible transactions is
Severe Recession
An intense period of economic decline, marked by significant drops in economic activity, employment, and consumer spending across multiple sectors.
WWII
World War II, a global conflict that lasted from 1939 to 1945, involved most of the world's nations, and was marked by significant battles across Europe, Asia, and the Pacific.
Frictionally Unemployed
Individuals temporarily out of work while transitioning between jobs, often considered to be a normal aspect of a healthy economy.
Crackerjack
A brand of caramel-coated popcorn and peanuts, often associated with being a classic American snack.
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