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Riya has become famous creating new styles in women's formal wear.Her assistants copy the patterns created by her, cut cloth pieces and sew them into garments that look like her creations.The work done by Riya is a type of _____ whereas the work done by her assistants is a type of _____.
Recession
A significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.
Supply-Side Economics
An economic theory that advocates for lower taxes and deregulation to stimulate production and economic growth.
Marginal Income Tax Rates
The percentage of tax applied to your income for each tax bracket in which you qualify, reflecting the amount of tax that is paid on an additional dollar of income.
Open-Market Operations
The purchase or sale of Treasury securities by the Federal Reserve; main monetary policy weapon.
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