Examlex
Which of these statements is incorrect?
Inflation
The escalation speed in general price levels of goods and services, ultimately leading to diminished power for making purchases.
Unemployment
The situation where individuals who are capable of working and are actively seeking work cannot find employment.
Government
The system or group of people governing an organized community, often a state, and the authority to make and enforce laws.
Free Lunch
An expression denoting the idea that it is impossible to get something for nothing, highlighting the concept of trade-offs in economics.
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