Discuss in intricate detail diversity when it comes to representation in Congress in the modern era.
Definitions:
Government Securities
Financial instruments issued by the government to finance its expenditures, offering a return in the form of interest payments to investors.
Bank Reserves
Bank reserves are the amount of cash that banks must hold either in their vaults or on deposit with a central bank, used to back deposits and ensure liquidity.
Money Supply
The sum of all financial assets that are readily available in an economy at a given moment, including cash on hand, deposits in banks, and other easily convertible assets.
Recession 1981-1982
The recession of 1981-1982 was a severe global economic downturn characterized by high inflation, interest rates, and unemployment, particularly impacting the United States.
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