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All of the following are examples of nonprice competition except
Expected Inflation
The anticipated rate at which the general level of prices for goods and services will rise over a period.
High Inflation
A situation where there is a sustained, rapid increase in the general price level of goods and services in an economy over a period, eroding purchasing power.
High Unemployment
A condition where a large portion of the workforce is not employed, indicating a distressed economy.
Phillips Curve
An economic concept that depicts an inverse relationship between the rate of unemployment and the rate of inflation in an economy.
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