Examlex
Which of the following is NOT one of performance management's six basic elements?
Actual Inflation
The actual rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling.
Unemployment Rate
The percentage of the labor force that is unemployed and actively seeking employment.
Short-run Phillips Curve
A visual diagram illustrating the short-term inverse correlation between inflation rates and unemployment rates.
Policymakers
Individuals or groups responsible for making and implementing policies, especially in government and legislative contexts.
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