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Under a fixed exchange rate system,if the dollar price of a Mexican peso is below its equilibrium level,the peso is said to be
Unemployment Benefits
Payments made by the government or a private insurance company to individuals who are unemployed and actively looking for a job.
Bureau of Labor Statistics
A U.S. government agency that collects, processes, analyzes, and disseminates essential statistical data on labor market activity, working conditions, and price changes in the economy.
Demand-Pull Inflation
Inflation caused primarily by an increase in aggregate demand: too many dollars chasing too few goods.
Wage-Price Spiral
A situation where rising wages lead to higher prices, which in turn lead to demands for even higher wages, creating a cycle of inflation.
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