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Great Depression
A severe worldwide economic downturn that took place during the 1930s, characterized by significant declines in industrial production, massive unemployment, and deflation.
Aggregate Demand
The total consumption needs for goods and services within an economy, considering the current price level throughout a certain period.
Macroeconomic Problem
Issues or challenges affecting an entire economy, such as inflation, unemployment, and economic growth.
Equilibrium Level
In economics, the point at which market supply equals demand, and there is no tendency for change in price or quantity.
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