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Which of the following is not considered a financial intermediary?
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.
Recessions
Times of short-term economic downturn characterized by decreased commerce and industrial production, typically recognized by a drop in Gross Domestic Product (GDP) for two consecutive quarters.
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