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Name three things that make historical-comparative research unique.
Severe Recession
An extended period of significant decline in economic activity across the economy, typically characterized by high unemployment, low consumer spending, and reduced industrial production.
Fiscal Policy
Government policies regarding taxation and spending that influence the economy by changing the level of income and aggregate demand.
Welfare Programs
Governmental provisions designed to support the well-being of citizens in need, including financial assistance, healthcare, and food support.
Income Taxes
Taxes that individuals or entities pay on the money they earn over a certain period, typically a year.
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