Examlex
If the economy is at potential output and the Fed decreases the money supply, in the short run the likely result will be a(n) _____ in investment and a(n) _____ in consumption.
Long-Run Phillips Curve
A concept suggesting that in the long term, there is no trade-off between inflation and unemployment, as opposed to the short-run Phillips curve.
Disinflation
A reduction in the rate of inflation, characterized by a slowing down in the rate at which prices increase over time.
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.
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