Examlex
What is the difference between real GDP and nominal GDP?
Exogenously
Originating from outside; determined by external factors not within the system.
Endogenously
Originating or produced from within a system, indicating a factor that is internal to an economic model or process.
Natural Rate
The unemployment rate at which the economy operates at full employment, where inflation is stable without accelerating.
Unemployment
A situation where individuals who are capable of working and are actively seeking a job are unable to find employment.
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