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Triplett carried out an early study of competition in children. He found that:
Natural Rate of Unemployment
The long-term rate of unemployment around which the labor market is in balance, reflecting the number of people who are naturally jobless due to factors such as frictional and structural unemployment.
Money Supply Growth Rate
The rate at which the amount of money available in an economy increases over a specific period.
Short-run Economy
The period in which the quantities of at least one input, such as capital, is fixed and firms adjust only labor inputs to change output levels.
Money Supply Growth Rate
The speed at which available monetary resources in an economy grow over a determined time frame.
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