Examlex
Which of the following is one reason for the decline in aggregate demand that led to the recession of 2007-2009?
Closed Economy
An economic model that remains isolated from global trade and international financial exchanges.
Private Saving
The portion of individual or household income that is not consumed and is set aside for future use, typically in the form of savings accounts, investments, and retirement accounts.
National Saving
National saving is the sum of private and public saving, representing the total amount of a nation's income that is not consumed or spent by the government.
Financial Crises
Periods of significant disruptions in financial markets that are characterized by sharp declines in asset prices and the failure of financial institutions, leading to economic downturns.
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