Examlex
The natural unemployment rate is defined as frictional unemployment plus cyclical unemployment.
Quantity Supplied
The total amount of a good that producers are willing to sell at a given price over a specific time period.
Shortage
A situation in which demand for a good or service exceeds the available supply at a specific price.
Supply
The total amount of a specific good or service available for purchase at any given price level in a given market.
Supply Curve
A graphical representation showing the relationship between the price of a good and the quantity of the good supplied over a given period.
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