Examlex
A surety is primarily liable for the debt of a principal.
Unemployment
The situation of being without a job, while actively looking for one and willing to work.
Short-Run Phillips
A concept that shows an inverse relationship between the rate of unemployment and the rate of inflation in an economy over a short period of time.
Inflation Rate
The percentage increase in the price level of goods and services in an economy over a period of time.
Unemployment Rate
The percentage of the labor force that is unemployed.
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