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Use the example of a consol to show how bond prices and yields are inversely related.
Welfare Dependency
A situation where individuals or families rely on government welfare programs as their main source of income over extended periods.
Under 18
A term typically referring to individuals who are below the age of 18, often used in contexts regarding employment, legal responsibilities, and rights.
Poor
The state of having insufficient financial resources to meet basic living expenses such as food, clothing, and housing, resulting in a low standard of living.
Lower Two Quintiles
Refers to the bottom 40% of the population, often in terms of income distribution, highlighting socioeconomic status.
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