Examlex
Which of these continents is experiencing the greatest population growth?
Phillips Curve
An economic concept suggesting an inverse relationship between rates of unemployment and corresponding rates of inflation in an economy over time.
Natural Rate
Natural Rate usually refers to the natural rate of unemployment, which is the level of unemployment consistent with a stable inflation rate, not affected by short-term cyclical or temporary factors.
Inflation Expectations
The rate at which people expect prices to rise in the future, which can influence consumer and business spending behavior.
Unemployment Rate
The portion of the labor force that is out of work and actively pursuing employment opportunities.
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