Examlex
Use Linear Programming to Solve Problems
-Objective Function
Constraints
Inflation Rate
The inflation rate is the percentage increase in the general level of prices for goods and services over a period of time.
Money Supply Growth Rate
The rate at which the total amount of money in circulation or in existence in a country grows.
Short-Run Phillips Curve
A graphical representation showing the inverse relationship between inflation and unemployment rates in the short term.
Shift Right
In economics, this refers to an increase in supply or demand in a market model, leading to a new equilibrium.
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