Examlex
What was the relationship between the new ideas about the human experience that emerged during the Italian Renaissance and the economic activities of the Italian city-states?
Structural Unemployment
A type of unemployment resulting from a discrepancy between the skills available in the workforce and those required by employers.
Skills
The abilities and expertise acquired through training or experience that enable an individual to perform tasks effectively.
Natural Rate
The level of unemployment or interest that exists when an economy is balanced, not affected by short-term fluctuations or cyclical, structural factors.
Price Level
The combined average cost of all goods and services manufactured within the economy.
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