Examlex
An individual who has stopped looking for a job but has looked in the past and still wants a job is referred to as
Real Exchange Rate
The rate at which a person can trade the goods and services of one country for the goods and services of another, adjusted for inflation.
Purchasing-power Parity
a theory that in the long run, exchange rates ought to adjust so that an identical good in different countries will have the same price when expressed in a common currency.
Nominal Exchange Rate
The rate at which one country's currency can be exchanged for another country's currency without adjusting for inflation.
Price Level
represents the average of current prices across the entire spectrum of goods and services produced in the economy.
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