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During the 1920s and 1990s,the U.S.economy experienced remarkable growth in the overall economy and several key sectors.Identify what these periods have in common and provide two reasons why the expansive growth of the 1990s was not trailed by a severe depression like the ?Great Depression following the 1920s.
Prices
The monetary value assigned to a product or service, determining how much it costs to buy.
Bundle
A combination of various goods and services selected by consumers, used in economics to analyze choices and preferences.
Giffen Good
A product that people consume more of as the price rises, violating the basic law of demand in economics.
Prices Change
A variation in the market price of goods and services over time, influenced by factors such as supply and demand, inflation, or government policy.
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