Examlex
If the natural unemployment rate decreases, then the short-run Phillips curve
--------------------and the long-run Phillips curve -------------------- .
Market Demand
The total quantity of a product or service that all consumers in a market are willing and able to purchase at various prices.
Marginal Cost
The cost of producing an additional unit of output, highlighting the concept of increasing or decreasing returns.
Equilibrium Price
The price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers, leading to market stability.
Rate of Sales
The speed at which a company's goods are sold or its services are provided within a specific period.
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