Examlex
In what way were European settlers' interactions with natives in Spanish and Portuguese colonies unique from those in North America?
Unemployment
Unemployment is the situation where individuals who are capable of working and are actively seeking employment are unable to find a job.
Aggregate Demand
The complete need for every product and service within an economy at various price points, throughout a particular timeframe.
Aggregate Supply
The sum of all goods and services created in an economy, priced at a certain level, over a specific period.
Classical Dichotomy
The theoretical separation of real and nominal variables in economics, suggesting that nominal variables (like the money supply) do not affect real variables (like real GDP).
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