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Evidence points out that since the mid-1950's just about every recession was preceded by rising interest rates. This suggests that the recessions were:
Equivalent
Equal in value, amount, function, meaning, etc., often used in mathematics and chemistry.
Per Annum
A Latin term meaning "per year," often used in financial contexts to describe rates or amounts calculated over a yearly basis.
Invested
Invested refers to the allocation of resources, usually money, into a financial venture with the expectation of receiving future returns.
Per Annum
Annually; indicating the occurrence, rate, or amount in a year.
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