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What does the concept of equivalent units of production allow businesses to measure?
Recession
A recession is a significant decline in economic activity spread across the economy, lasting more than a few months, typically visible in real GDP, income, employment, manufacturing, and retail sales.
Excess Reserves
The amount of reserves that a bank holds beyond the minimum required by regulation or central bank policy.
Decrease Deposits
A reduction in the amount of funds deposited in banks or financial institutions, often indicating a shift in savings or investment strategies.
Excess Reserves
The reserves that banks hold over and above the legal requirement set by the central bank, available to lend or invest.
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