Examlex
In an oligarchy,
Price Level
The combined average cost of all goods and services manufactured within the economy.
Deflation
A decrease in the general price level of goods and services, often indicating an economy in contraction.
Aggregate
A total or sum, often used in economics to describe combined quantities like total output or income.
Frictional Unemployment
represents short-term unemployment that occurs when workers are between jobs or entering the labor force for the first time.
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