Examlex
A person violates the rules of his probation and is returned to prison. This is an example of:
Inflation Expectations
The anticipation of consumers, businesses, and investors about the rate at which the general level of prices will rise in the future.
Disinflation Costs
Entails the economic costs associated with reducing the rate of inflation, which can include increased unemployment and slower economic growth.
Short-run Phillips Curve
The short-run Phillips Curve depicts an inverse relationship between the rate of inflation and the unemployment rate within an economy over a short period.
Expected Inflation
The rate at which people predict prices will rise in the future, influencing saving and spending behavior.
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