Examlex
What did Paul Ekman find in his classic studies conducted in the early 1970s?
Expected Inflation
The rate at which the general level of prices for goods and services is projected to rise over a specific period, reflecting the public's expectations for future inflation.
Actual Inflation
The observed increase in prices for goods and services in an economy over a period, typically measured as a percentage.
Unemployment Rate
The unemployment rate is the percentage of the labor force that is jobless and actively looking for employment.
Natural Rate
The rate of output at which an economy operates without inflationary pressures, often referred to as the natural rate of unemployment.
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