Examlex
One primary weakness of adoption studies is that the population of biological parents who place their children for adoption and the population of adoptive parents differ substantially from each other and from the general population.
Output
The total amount of goods or services produced by a firm, industry, or economy within a specified time period, reflecting the level of production activity.
Unemployment
The situation in which individuals who are capable of working and willing to work cannot find employment.
Short-run Phillips Curve
A graphical representation showing an inverse relationship between the rate of inflation and the unemployment rate in the short-term.
Long-run Phillips Curve
The long-run Phillips Curve illustrates the theory that over time, the relationship between inflation and unemployment stabilizes, suggesting no long-term trade-off between the two.
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