Examlex
____ occurs when people walk back and forth outside their place of employment carrying signs that indicate why they are not working.
Expected Inflation
The anticipated rate at which the general level of prices for goods and services will rise over a period.
High Inflation
A situation where there is a sustained, rapid increase in the general price level of goods and services in an economy over a period, eroding purchasing power.
High Unemployment
A condition where a large portion of the workforce is not employed, indicating a distressed economy.
Phillips Curve
An economic concept that depicts an inverse relationship between the rate of unemployment and the rate of inflation in an economy.
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