Examlex
What is Six Sigma? Describe what Six Sigma and total quality management (TQM)have in common as well as the primary difference between them.
Deflation
A decrease in the general price level of goods and services, often resulting in increased purchasing power of the currency.
Full Employment
An economic situation where all available labor resources are being used efficiently and there is no cyclical unemployment, implying a low, stable rate of unemployment.
Aggregate Supply
The aggregate output of goods and services generated inside an economy, measured at a specific price level over a designated time frame.
Unemployment Rate
The percentage of the labor force that is jobless and actively seeking employment, serving as a key indicator of economic health.
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