Examlex
ERP software enables multiple firms to manage all of their operations on the basis of a single, integrated set of corporate data.
Real Wages
The purchasing power of wages, taking into account the effects of inflation or deflation, representing the quantity of goods and services wages can buy.
Cyclical Unemployment
Unemployment that rises during economic downturns and falls when the economy improves, directly related to cycles of economic upturn and downturn.
Natural Rate
The long-term unemployment rate around which the labor market is considered to be in balance, where the number of people seeking jobs equals the number of jobs available.
Expansionary Gap
A situation in macroeconomics where the real GDP is higher than the potential GDP, leading to inflationary pressures.
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