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measures the severity of cyclical fluctuations in the economy. The difference between peak and trough in the business cycle.
when a consumer allocates income so that the last rand spent on each product yields the same...
the inflation rate that excludes items that change frequently; such as interest rates; meat;...
money that is legal tender but it is not backed by reserves such as gold and has no value of its...
the amount of money that firms actually receive for the output that they produce