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What is the relationship between wavelength of light and the quantity of energy per photon?
Demand-Pull Inflation
Inflation that occurs when aggregate demand in an economy outpaces aggregate supply, leading to an increase in prices.
OPEC
The Organization of Petroleum Exporting Countries, a group consisting of 13 of the world's major oil-exporting nations, aiming to manage the supply of oil in an effort to set the price on the world market.
Cost-Push Inflation
Inflation caused by increased costs of production, such as higher prices for raw materials or wages, leading to higher final product prices.
Underemployment
Workers are overqualified for their jobs or work fewer hours than they would prefer.
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