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Reducing Unemployment
The act of implementing policies or actions by governments or businesses to decrease the number of unemployed individuals in the economy.
Phillips Curve
An economic theory suggesting an inverse relationship between the rate of inflation and the rate of unemployment in an economy.
Unemployment Rate
The quantum of the working population that is job-free and in active search of employment.
Inflation Rate
The percentage increase in the general level of prices for goods and services over a certain period of time.
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