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Yesterday, Sylvia decided to start looking for a new car. Today, she noticed that there seemed to be an unusually large number of new car advertisements on television. Actually, there were no more new car advertisements today than there normally are, so Sylvia's perception is probably due to
Phillips Curve
An economic concept that illustrates an inverse relationship between the rate of unemployment and the rate of inflation in an economy over time.
Interest Rates
The cost of borrowing money or the compensation for the service and risk of lending money, usually expressed as a percentage rate over a period of time.
Cyclical Unemployment
Unemployment that arises during downturns in the business cycle, particularly during recessions, when there is insufficient demand for goods and services.
Unemployment Rate
The proportion of the workforce that is unemployed and actively seeking work.
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