Examlex
Ye-jun is participating in a study in which he is presented with different unpleasant odours that he has to identify.Unfortunately,most of the odours are presented above his absolute threshold.What does this mean?
Economic Recession
A temporary slump in economic activities, with reduced trade and industry output, often determined by a continuous fall in GDP over two quarters.
Permanent Income
A theory suggesting individuals base their consumption patterns on their long-term average income rather than their current income.
Transitory Income
Income that is temporary or fluctuating, often not considered stable or predictable for long-term financial planning.
Resort Town
A town specifically designed and operated primarily for tourists, where lodging, food, entertainment, and shopping facilities are provided.
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