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Historic Archaeologists Can Use the Length of Old Clay Pipes

question 18

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Historic archaeologists can use the length of old clay pipes to determine the age of a historic site.


Definitions:

Short-run Phillips Curve

A graphical representation showing an inverse relationship between the rate of inflation and the rate of unemployment in the short term.

Inflation

The pace at which overall prices for products and services escalate, causing the value of money to decline.

Unemployment

The condition of being capable and willing to work, but unable to find employment.

Money Supply

The complete aggregate of monetary assets in an economy at a certain moment.

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