Examlex
Which of these conditions is an irregular heartbeat?
Aggregate Demand
The aggregate demand for every good and service within a certain economy or market.
Long-run Phillips Curve
A concept suggesting that in the long term, there is no trade-off between inflation and unemployment, implying the curve is vertical at the natural rate of unemployment.
Inflation Rate
A percentage-based uplift in the cost of goods and services within an economy over a designated timeframe.
Zero-inflation
A situation where the price level of goods and services remains constant over time, indicating an absence of inflation in the economy.
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