Examlex
In what type of society would informal forms of social control, such as shunning and other forms of social disapproval, be most common?
Phillips Curve
An economic concept illustrating an inverse relationship between the level of unemployment and the rate of inflation.
Inflation Rate
The percentage rate of increase in price levels over time, which can erode purchasing power.
Inflation Expectations
The rate at which people expect the prices of goods and services to increase in the future, which can influence economic behavior.
Unemployment Rate
The fraction of people in the labor market who are not employed but are seeking a job.
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