Examlex
If you learn a list of words by associating each word with another concept,you are using which of the following to aid your recall?
Natural Rate
An economic theory concept referring to the level of any economic variable that is expected to prevail in the long term under natural conditions, without external influences.
Inflation Rate
The speed at which the average price level of goods and services increases, leading to a decrease in buying power.
Long-Run Aggregate Supply
The total output of goods and services that an economy can produce when both labor and capital are fully employed, at full capacity.
Long-Run Phillips Curve
A macroeconomic concept that suggests there is no long-term trade-off between inflation and unemployment, implying that in the long run, the economy reaches a natural rate of unemployment regardless of inflation.
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