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In insurance, what do comprehensive policies cover?
Stagflation
An economic condition characterized by slow economic growth, high unemployment, and rising prices.
Full Employment
A state in an economy where all eligible workers who want to work at current wage rates can find employment, with no involuntary unemployment.
Recessions
Economic periods of decline characterized by falling GDP and increasing unemployment, often leading to reduced consumer spending and investment.
Recession
A period of temporary economic decline during which trade and industrial activities are reduced, often identified by a fall in GDP in two successive quarters.
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