Examlex
The circular velocity of a satellite orbiting Earth is given by . In this equation,
Potential GDP
An estimate of the maximum level of economic activity that an economy can sustain over the long term without increasing inflation.
Labor Force
Comprises all the working-age population that is employed and those unemployed but seeking employment.
Rational Expectations
The economic theory that assumes individuals make predictions about the future based on all available information and in a way that is systematically correct.
Policy Makers
Individuals or groups responsible for making decisions and establishing regulations that guide the operation of governments and organizations.
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