Examlex
Which of the following best explains why Japan's economic growth has slowed?
Short-Run Phillips Curve
A graphical representation that shows an inverse relationship between the rate of inflation and the unemployment rate in the short-term.
World Commodity Prices
The prices of goods such as oil, gold, coffee, etc., that are traded internationally and can fluctuate due to supply and demand dynamics.
Disinflation
A reduction in the rate of inflation; a slowdown in the rate at which prices increase over time.
Sacrifice Ratio
An economic ratio that measures the effect of rising unemployment on the reduction of inflation within an economy.
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