Examlex
Any power not specifically delegated to the states by the Constitution is reserved to the national government.
Wage Earning
The act of receiving regular compensation for labor or services, typically on an hourly, daily, or piecework basis.
Severe Recession
An extended period of significant decline in economic activity across the economy, marked by high unemployment, low consumer spending, and decreased industrial production.
Permanent Income Hypothesis
A theory suggesting that consumer spending is primarily determined by an individual's long-term income expectations rather than their current disposable income.
Stock Portfolios
Collections of stocks or equities owned by an individual or institution, diversified to manage risk and investment return.
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Q99: Federalism encourages the states to create local