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Khanh sets a goal of getting 80% in her history class while Ed, who is in the same class, sets a goal of studying two hours per night for the course. Which of the following accurately describes these goals?
Long-Run Phillips Curve
An economic concept stating that in the long run, there is no trade-off between inflation and unemployment, depicted as a vertical line at the natural rate of unemployment.
Fiscal Policy
Fiscal policy involves government spending and taxation to influence the economy.
Inflation Rate
The percentage increase in the price level of goods and services over a period of time.
Unemployment Compensation
Financial payments made to individuals who have lost their jobs, provided by the government or other authorized bodies to support them while they search for new employment.
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