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Pb is the reducing agent in this process. (Batteries in our cars generate electricity by the following chemical reaction.)
Pb + PbO2 + 2H2SO4 2PbSO4 + 2H2O
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.
Interest Rates
The cost of borrowing money or the return for investing money, typically expressed as a percentage of the principal amount.
Multiplier Effect
The proportional amount of increase in final income that results from an injection of spending.
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