Examlex
The practice of transportation was short-lived in the correctional system.
Short-Run Outcomes
Results or consequences occurring within a brief time period following specific events or decisions in economics or business.
Price Level
A measure of the average prices of goods and services in an economy, indicating the purchasing power of the currency and the inflation rate.
Unemployment
The situation where individuals who are capable of working and are seeking work are unable to find employment.
Classical Notion
An economic theory advocating for free markets, competition, and minimal government intervention in the economy.
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