Examlex
One of the major problems with the case study method is that it is too easy to make false conclusions based on
Phillips Curve
An economic theory suggesting an inverse relationship between rates of unemployment and corresponding rates of inflation, indicating trade-offs between these two economic variables.
Rate of Unemployment
The segment of the labor force that is without a job and actively on the look out for employment opportunities.
Passive Approach
A strategy, particularly in investing or management, where minimal intervention or action is taken, often to maintain the current state or to avoid risk.
Recessionary Gap
The difference between the actual output of an economy and its potential output at full employment, indicating underutilization of resources.
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