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GOVERNMENT DEBT: The total amount of all government securities outstanding. This is also frequently termed the public debt.
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Lesson 12: Business Cycles | Unit 2: A Simple Cycle
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Page: 10 of 26
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Expansions don't last forever. The end of an expansion is the peak, the turning point to a contraction.- Point C is the end of the expansion and the beginning of the contraction, the peak.
- A peak is the turning point between an expansion and a contraction.
- A peak is the highest level reached by the economy before a contraction begins, the high before the drop.
- Anticipating a peak turning point helps avoid the problems of unemployment, a bankrupt business, or lower income.
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PROCESS INNOVATION An innovation that is an improvement in an existing product, technology, or idea or an improvement in the way a product, technology, or idea is produced. The contrast is with a product innovation, which is an innovation of a new product, technology, or idea that generates a beneficial improvement in society and the economy; one that is fundamentally different from existing products, technologies, or ideas.
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ORANGE REBELOON [What's This?]
Today, you are likely to spend a great deal of time browsing through a long list of dot com websites hoping to buy either a pair of red goulashes with shiny buckles or a handcrafted bird feeder. Be on the lookout for defective microphones. Your Complete Scope
This isn't me! What am I?
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More money is spent on gardening than on any other hobby.
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"Concentrate all your thoughts upon the work at hand. The sun's rays do not burn until brought to a focus." -- Alexander Graham Bell, inventor
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