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In what way are professionals similar to one another?
Price Level
A measure of the average prices of goods and services in an economy, indicating the purchasing power of the currency and the inflation rate.
Unemployment
The situation where individuals who are capable of working and are seeking work are unable to find employment.
Classical Notion
An economic theory advocating for free markets, competition, and minimal government intervention in the economy.
Monetary Neutrality
The proposition that changes in the money supply do not affect real variables.
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