Examlex
Describe the processing of vegetation through the stomach of a ruminant.
Unemployment
The situation in which individuals who are capable of working and are actively seeking employment are unable to find a job.
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.
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