Examlex
Affirmative Action is a program that was adopted by the government to correct problems created by discrimination against minorities. As such, affirmative action is an example of:
Short-run Phillips Curve
A graphical representation that shows the inverse relationship between the rate of unemployment and the rate of inflation in an economy over the short term.
Long-run Phillips Curve
A concept in economics indicating that in the long term, there is no trade-off between inflation and unemployment, represented as a vertical line at the natural rate of unemployment.
Money Supply Growth Rate
The speed at which the quantity of money circulating within an economy is growing.
Unemployment Rate
The proportion of the overall workforce that is not employed but is actively looking for a job and ready to work.
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