Examlex
________ is used as an estimate of reliability and involves administering a test with x number of items designed to assess a topic and then statistically analyzing the degree to which responses to the items vary together.
Short-Run Phillips Curve
A graphical representation showing the inverse relationship between the rate of inflation and the rate of unemployment in the short term.
Long-Run Phillips Curve
A graphical representation in economics indicating that in the long run, there is no trade-off between inflation and unemployment, showing a vertical curve at the natural rate of unemployment.
Short-Run Phillips Curve
A concept in economics that shows an inverse relationship between unemployment and inflation in the short term.
Central Bank
An institution that manages a country's currency, money supply, and interest rates, overseeing its monetary policy and regulating its banking system.
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