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The Process of an Economy Adjusting from a Recession Back

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The process of an economy adjusting from a recession back to potential GDP in the long run without any government intervention is known as


Definitions:

Oral Contract

An agreement made through spoken words rather than written, which can be legally binding under certain conditions.

Another's Debt

The obligation to repay money borrowed by another person or entity, often due to a legal or financial agreement.

Written

Something that is expressed or communicated in the form of documentable characters, letters, or symbols.

Performed

Executed or carried out an action or task according to specified procedures or requirements.

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