Examlex
Given that two countries (A and B) each specialize in the production of one good and voluntarily trade it for the other country's good, then:
Unemployment
The situation when individuals who are actively seeking work are unable to find employment.
Sacrifice Ratio
The cost of reducing inflation in terms of the amount of output or gross domestic product that is foregone.
Inflation
The tempo at which the comprehensive price tags for goods and services grow, depleting the shopping power.
Unemployment
The situation when individuals who are capable of working and are actively seeking a job are unable to find employment.
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