Examlex
What is a social or economic indicator?
Interest Rate Effect
The impact that changes in interest rates have on consumer spending due to the cost of borrowing; generally, as interest rates rise, consumer spending decreases.
Aggregate Demand
The cumulative need for all economic goods and services, pegged at a singular overall price level during a distinct time period.
Substantial Unemployment
A situation where there is a significantly high rate of unemployment in a particular area, reflecting a large number of people unable to find jobs.
Wages
Compensation paid to employees for their labor or services, typically calculated on an hourly, daily, or piecework basis.
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