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Dianne and Matt are lost while driving to some friends' house. Matt will not stop to ask for directions as Dianne wants him to. This chapter-opening story illustrates the pattern that
Recession(s)
A short-term economic decline phase, characterized by a slowdown in trading and industrial activities, generally identified by two sequential quarters of GDP fall.
1990s
The decade known for its technological advancements, economic globalization, and the end of the Cold War, influencing global politics and culture.
Leading Economic Indicators
Statistical data that precede economic trends and are used to predict future economic activity.
Business Cycle
The fluctuations in economic activity that an economy experiences over time, marked by periods of expansion and contraction.
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