Examlex
Recent examples of __________ include Harry Potter wands, SpongeBob SquarePants trading cards, and Lord of the Rings dolls and mugs.
Short-Run Phillips Curve
A curve that illustrates a short-term trade-off between inflation and unemployment, suggesting lower unemployment can come at the cost of higher inflation.
Financial Crisis
A broad term for a situation when financial assets rapidly lose a significant part of their nominal value.
Contractionary Monetary Policy
A central banking strategy involving the increase of interest rates or reduction of the money supply to decrease inflation and slow down economic growth.
Short-Run Phillips Curve
A curve illustrating an inverse relationship between the rate of inflation and the rate of unemployment in the short term.
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