Examlex
This structure is located between the LES and pyloric sphincter.
Inflation Rate
The rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling.
Natural Rate
The long-term rate of an economic variable, such as unemployment or interest, that is not influenced by cyclical or short-term factors.
Long-Run Phillips Curve
A visual representation showing the relationship between inflation and unemployment rates, suggesting that in the long run, there is no trade-off between inflation and unemployment.
Money Supply
The sum total of financial assets available in an economy at a certain point in time.
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