Examlex
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Contractionary Monetary Policy
A monetary policy strategy used by central banks to reduce inflation and cool an overheated economy by increasing interest rates and reducing the supply of money.
Phillips Curves
A graphical representation showing an inverse relationship between the rate of unemployment and the rate of inflation in an economy.
Phillips Curve
A concept in economics that demonstrates an inverse relationship between the rate of unemployment and the rate of inflation in an economy over the short term.
Phillips Curve
A concept suggesting an inverse relationship between rates of unemployment and corresponding rates of inflation, implying that higher inflation is associated with lower unemployment and vice versa.
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