Examlex
Solve.
-Bill needs an average of 80 on four tests in science to make the honor roll. What is the lowest score he can receive on the fourth test if his first three scores are 84, 65, and 80?
Labor Contracts
Agreements between employers and employees or unions that define terms of employment, salaries, benefits, and working conditions.
Short-run Phillips Curve
A graphical representation showing the inverse relationship between unemployment rates and inflation rates in the short-term.
Per-capita Income
The average income earned per person in a certain area, calculated by dividing the area's total income by its total population.
Rational Expectations School
An economic idea that assumes individuals make predictions about the future based on all available information and past experiences in a rational manner.
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