Examlex
The decision by inflation targeters to choose inflation targets ________ zero reflects the concern of monetary policymakers that particularly ________ inflation can have substantial negative effects on real economic activity.
U.S. Labor Productivity Growth
The increase in the amount of goods and services produced per hour of labor in the United States over time.
U.S. Productivity
Refers to the efficiency of labor and production processes in the United States, often measured as output per hour worked.
Constant Annual Rate
A rate of growth that is uniform from year to year, often used in economic forecasts and analysis to smooth out fluctuations and provide a clear trend.
Basic Research
Investigation into fundamental principles and theories without immediate commercial applications, aimed at expanding knowledge or understanding.
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