Examlex
Attitudes derived from direct experience are powerful because they are easily accessed and active in our cognitive processes.
Unemployment Rate
The percentage of the workforce that is unemployed and in active search of employment opportunities.
Economic Expansion
A phase of the business cycle where the economy grows and experiences increased levels of production, employment, and consumer spending.
Stagflation
A situation in an economy where inflation rates are high while economic growth rate slows down and unemployment remains steadily high.
Recession
A span of brief economic recession where business and industrial output slows down, often evidenced by a drop in Gross Domestic Product across two successive three-month periods.
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