Examlex
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Aggregate Supply
The aggregate output of goods and services generated inside an economy, measured at a specific price level over a designated time frame.
Unemployment Rate
The percentage of the labor force that is jobless and actively seeking employment, serving as a key indicator of economic health.
Agency
In economics and finance, refers to a relationship where one party, the agent, makes decisions or performs a service on behalf of another, the principal.
Cyclical Unemployment
Unemployment directly related to cycles of economic upturn and downturn.
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