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In economics, a recession is a business cycle contraction that occurs when there is a period of broad decline in economic activity. Recessions generally...

meet its constitutional obligation to repay its debts once it meets the borrowing limit. When the debt ceiling is reached without an increase in the limit...

United States of America and in Europe in 1979, debt payments also increased, making it harder for borrowing countries to pay back their debts. Deterioration...

of debt relief is inflation, which reduces the real debt burden, as debts are generally nominally denominated: if wages and prices double, but debts remain...

inflation, but debts remain fixed, the debts can be more easily repaid. Economists may advocate increasing inflation to help reduce the debt burden in highly...

quantity of money in circulation declines, economic activity naturally recedes, reinforcing collapse. Economists would say that contraction is "sticky...

continuously had a fluctuating public debt since the US Constitution legally went into effect on March 4, 1789. Debts incurred during the American Revolutionary...

debts, while including data for the United States for the same period that showed negative GDP growth, which Herndon attributed to demobilization of U...

of the crisis varied from country to country. In several countries, private debts arising from a property bubble were transferred to sovereign debt as...

institutions and investors in debt when the loans turn sour and the full extent of bad debts becomes known. There are a number of reasons why banks might suddenly...

purchase the debts from consumer loans, credit card and overdraft accounts of 4.5 million citizens whose debts are under legal supervision of banks or consumer...

to the loss of billions of dollars in assets. Outstanding debts became heavier, because prices and incomes fell by 20–50% but the debts remained at the...

Between 2019 and 2021, the economy shrank by 53.4%, the highest contraction in a list of 193 countries. Since 2020, the International Monetary Fund no longer...

decreases (sometimes in response to a contraction created from careless investment or a credit crunch) or because of a net capital outflow from the economy...

referring specifically to the contraction phase of a business cycle, with two or more consecutive quarters of GDP contraction (negative GDP growth rate)...

Causes of the Great Depression Credit theory of money Criticism of the Federal Reserve Great Contraction Imperial minting ordinance Imperial minting standard...

English translations of common Latin phrases. Some of the phrases are themselves translations of Greek phrases. This list is a combination of the twenty page-by-page...

Legal Tender for all debts public and private except Duties on Imports and Interest on the Public Debt; and is receivable in payment of all loans made to...

of trouble. Steel production declined, construction was sluggish, automobile sales went down, and consumers were building up large debts because of easy...

Depression of the 1930s. Though it marked a period of general deflation and a general contraction, it did not have the severe economic retrogression of the later...