Examlex
General Circulation Models (GCMs)
Unemployment Figures
The statistics that represent the percentage of the labor force that is not employed but actively seeking employment.
Aggregate Demand
The sum of needs for all goods and services in an economy, measured at a collective price level within a set time interval.
Inflation
The velocity at which the universal price point for goods and services escalates, reducing the ability to make purchases.
Frictionally Unemployed
Individuals who are temporarily out of work while transitioning from one job to another.
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