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Natural Rate
The long-term rate of unemployment around which the unemployment rate fluctuates, or the rate of output expected when resources are fully employed.
Aggregate Demand
The complete demand for all categories of goods and services in an economy, evaluated at a given price level for a particular period.
Inflation
How fast the broad price levels for goods and services climb, undercutting the ability to buy.
Unemployment
The condition of someone being without a job despite actively looking for work, expressed as a percentage of the labor force.
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