Examlex
A decline in the rate of inflation is referred to as deflation.
Rate of Inflation
The measurement of how rapidly the general price level of goods and services escalates, which in turn, reduces the purchasing strength.
Unemployment Rate
The ratio of individuals in the labor force who are without a job and actively seeking employment.
Labor Force
The total number of people employed or actively seeking employment in a country or specific area.
Unemployed
Individuals who are capable of working and willing to work but cannot find employment.
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