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An economic theory that defines wealth by the amount of precious metals owned. [48] business cycle. Also called the economic cycle or trade cycle. The downward and upward movement of gross domestic product (GDP) around its long-term growth trend. [49] The length of a business cycle is the period of time containing a single boom and contraction ...
"The Hucklebuck" (sometimes written "The Huckle-Buck") is a jazz and R&B dance tune first popularized by Paul Williams and His Hucklebuckers in 1949. The composition of the tune was credited to Andy Gibson , and lyrics were later added by Roy Alfred .
US Billboard Top LPs: 3 US UK ... Chart Peak position 1960 "The Twist" U.S. Pop: 1 U.S. R&B: 2 UK Singles Chart: 44 "The Hucklebuck" U.S. Pop 14 ... additional terms ...
Economists commonly use the term recession to mean either a period of two successive calendar quarters each having negative growth [clarification needed] of real gross domestic product [1] [2] [3] —that is, of the total amount of goods and services produced within a country—or that provided by the National Bureau of Economic Research (NBER): "...a significant decline in economic activity ...
The term economics was originally known as "political economy". This term evolved from the French Mercantilist usage of économie politique , which expanded the notion of economy from the ancient Greek concept of household management to the national level, as the public administration of state affairs.
"The Huckle-Buck" established Williams's popularity, and he was billed as Paul "Hucklebuck" Williams for the rest of his career. [5] He had three more R&B chart successes in 1949 – "House Rocker", "He Knows How to Hucklebuck", and "Pop-Corn" – but these failed to match the earlier record's success. [4] However, his band continued to be popular.
In economics, a market demand schedule is a tabulation of the quantity of a good that all consumers in a market will purchase at a given price. At any given price, the corresponding value on the demand schedule is the sum of all consumers’ quantities demanded at that price.
Greece, while part of the Eurozone, saw continuous economic contraction from 2007 to 2015, and thus does not fit the definition of a W-shaped recession, but rather an L-shaped recession. The United Kingdom is not a member of the Eurozone, but was a member of the European Union until 2020 ( Brexit ), and suffered a minor W-shaped recession when ...