Examlex
Explain how some states are addressing the problem of "sexting" by minors through new legislation and why states need to adopt new laws to address "sexting" by minors.
Unemployment
Unemployment refers to the situation when individuals who are able and willing to work are not able to find employment.
Price Level
The mean of present prices for all goods and services produced within the economy.
Phillips Curve
An economic theory that proposes an inverse relationship between the rate of unemployment and the rate of inflation in an economy.
Inflation Rate
The rate, expressed as a percentage, at which the overall cost of goods and services increases, leading to a decrease in purchasing power.
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