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Based on the 'early incarnation' of the Phillips curve,explain what effect a decrease in the unemployment rate will have on the inflation rate.
Lungs
Pair of respiratory organs in the chest of vertebrates that facilitate gas exchange between the atmosphere and the blood.
Oxygen Saturation
The measure of the amount of oxygen bound to hemoglobin in the blood, indicating respiratory efficiency.
Pulmonary Capillaries
Tiny blood vessels in the lungs where gas exchange occurs, allowing oxygen to enter the bloodstream and carbon dioxide to be removed.
Hemoglobin
A protein in red blood cells that carries oxygen from the lungs to the rest of the body and returns carbon dioxide from the body to the lungs.
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