Examlex
Which of the following is likely to increase your car insurance premium? I.You live in a rural area.
II) You are over 70.
III) You usually carry several passengers.
Business Cycle
The natural rise and fall of economic growth that occurs over time, including periods of expansion, peak, recession, and recovery.
External Shocks
Events outside the economic system that can cause sudden and significant changes within an economy, such as natural disasters or geopolitical events.
Last Recession
Describes the most recent period of significant decline in economic activity across the economy, lasting more than a few months.
Winter 1989-90
A specific time period referring to the winter months of December 1989, January 1990, and February 1990, often notable for its weather or events occurring then.
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