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A negative relationship between inflation and unemployment emerged in
United Kingdom
A sovereign country located off the northwestern coast of mainland Europe, comprising England, Scotland, Wales, and Northern Ireland.
Rate Of Change
The speed at which a variable changes over a specific period of time.
Sacrifice Ratio
The measure of the decline in annual output required to reduce inflation by one percentage point.
Unemployment Rate
The proportion of the workforce that is unemployed and actively looking for work.
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