Examlex
In the U.S. ,an individual's social status remains tied to race,ethnicity,and gender.
Inflation
The level of acceleration in the universal pricing for goods and services, diminishing the power of the dollar.
Inflation Expectations
The rate at which individuals expect the general price level of goods and services to change over a period of time.
Short-run Phillips Curve
A representation in economics that shows an inverse relationship between the rate of unemployment and the rate of inflation in the short-term.
Unemployment
The condition wherein people who are able and willing to work and are actively looking for work cannot secure a job.
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