Examlex
Thomas has received a vaccination for chicken pox.This artificial immunity is known as __________.
Phillips Curve
An economic concept that demonstrates an inverse relationship between the rate of unemployment and the rate of inflation within an economy.
Short-Run Aggregate Supply
The total supply of goods and services that firms in an economy plan on selling during a short period, assuming some prices/wages are sticky.
Short-Run Phillips Curve
A visual depiction illustrating the opposite correlation between inflation rates and unemployment rates within an economy for a brief period.
Unemployment
The situation where individuals who are capable of working and actively seeking work are unable to find employment.
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