Examlex
Write the statement in algebraic form.
-13 more than a number
Expected Inflation
The rate at which the general level of prices for goods and services is expected to rise.
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.
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