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Which of the following contributed most to the development of slavery as an economic institution?
Great Recession
A significant decline in economic activity spread across the economy, lasting more than a few months, typically visible in real GDP, real income, employment, industrial production.
Economic Theory
A set of principles, models, and concepts used to explain how economies operate and how economic agents interact.
Fiscal Policy
Government strategies to influence an economy’s direction through spending and taxation decisions.
Monetary Policy
Monetary policy involves the management of a nation's money supply and interest rates by the central bank to control inflation, unemployment, and the exchange rate.
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