Examlex
A small dense object is suspended from the rear view mirror in a car by a lightweight fiber. As the car is accelerating at 1.90 m/s2, what angle does the string make with the vertical?
Unemployment
Unemployment is the state of being without a job despite actively looking for work, reflecting the portion of the labor force unable to find gainful employment.
Friedman-Phelps Analysis
The Friedman-Phelps analysis introduces the concept of the natural rate of unemployment, arguing that inflation and unemployment rates are not linked in the long term due to adaptive expectations.
Inflation
The pace at which overall prices for goods and services increase, causing the value of money to diminish.
Unemployment Rate
The percentage of the labor force that is jobless and actively looking for employment.
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