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The Uncontrollable Factors That Affect the Actual State Include

question 24

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The uncontrollable factors that affect the actual state include:


Definitions:

External Shocks

Events outside the economic system that can cause sudden and significant changes within an economy, such as natural disasters or geopolitical events.

Last Recession

Describes the most recent period of significant decline in economic activity across the economy, lasting more than a few months.

Winter 1989-90

A specific time period referring to the winter months of December 1989, January 1990, and February 1990, often notable for its weather or events occurring then.

Stagflation

A period of either recession or stagnation accompanied by inflation.

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