Examlex
Beyond social isolation, researchers using prospective studies have shown that the people who live longest are those who have varied types of relationships, such as marriage, close friendships, and membership in social, political, or religious groups.
Real Variable
A variable, such as income or output, that has been adjusted for inflation, reflecting true purchasing power.
Recession
A period of temporary economic decline during which trade and industrial activities are reduced, generally identified by a fall in GDP in two successive quarters.
Net Exports
The value of a country's total exports minus the value of its total imports, representing a component of a nation's GDP.
Short Run
A period in which at least one input is fixed, limiting the ability of a firm to adjust all of its inputs to change output.
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