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Recession Assignment | Homework For You

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a)If a dollar is always worth a dollar, why do people say the dollar has ‘lost its value’? b)Explain the real rate and nominal rate of interest? Which is more relevant? a)People sometimes use the following saying to define recessions and depressions: ‘A recession is when your neighbors lose their jobs; a depression is when you lose your job’. What are some of the observations …

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