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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.
Reserve Requirement
The minimum amount of reserves that banks must hold against deposits, as mandated by central banking authorities to ensure bank liquidity.
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