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Please use this outline map of Europe to answer the question(s).
-Why were some poets and intellectuals upset that there had been peace for so long? Would you apply those sentiments to contemporary society? Discuss.
Short-run Phillips Curve
A representation in economics that shows an inverse relationship between the rate of unemployment and the rate of inflation in the short-term.
Unemployment
The condition wherein people who are able and willing to work and are actively looking for work cannot secure a job.
Contractionary Monetary Policy
A monetary policy strategy used by central banks to reduce inflation and cool an overheated economy by raising interest rates or increasing reserve requirements.
Inflation
The frequency at which the all-encompassing costs of goods and services heighten, eroding financial purchasing capability.
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