Examlex
When the economy is in an inflationary gap,the labor market is experiencing a _____________.In a self-regulating economy,wage rates will then ___________ and the ______________ curve will shift __________________.
Protestant Work Ethic
A value system emphasizing hard work, diligence, and efficiency as a means to improve one's economic status and spiritual salvation.
Capitalist Development
The process by which economies transition and grow through the principles of capitalism, including private ownership, competitive markets, and the pursuit of profit.
Catholicism
A major branch of Christianity that follows the teachings and practices of the Roman Catholic Church.
Protestant Ethic
A concept in sociology that attributes the rise of modern capitalism to Protestant work values, emphasizing hard work, discipline, and frugality.
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