Examlex
If a hydrogen atom in the ground state absorbs a photon of energy , to which state will the electron make a transition?
Interest Rates
Interest rates refer to the cost borrowing money, usually expressed as a percentage of the amount borrowed per annum.
Classical Macroeconomic Model
An economic model that emphasizes the role of market forces and flexible price adjustments in achieving full employment and equilibrium in the economy.
Flexible Wages and Prices
An economic condition where salaries and costs can easily adjust in response to supply and demand.
Unemployment
The situation when individuals who are able and willing to work are unable to find employment.
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