Examlex
What is a moral intuition? What role do you think moral intuitions should have in moral reasoning? Why?
Unemployment
The situation when individuals who are capable of working and are actively seeking a job are unable to find employment.
Low Sacrifice Ratio
A condition indicating that an economy can reduce inflation with a relatively small decrease in economic output or increase in unemployment.
Inflation Rate
The rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling.
Central Bank
An institution that manages a country's currency, money supply, and interest rates. Central banks also oversee the commercial banking system of their respective countries.
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