Examlex
If asked to list the "processes of thinking," what should you avoid saying?
Unemployment
The condition of being jobless and actively seeking employment, often measured as a percentage of the labor force.
Price Level
refers to the average of current prices across the entire spectrum of goods and services produced in the economy, often associated with inflation measurements.
Potential Output
refers to the maximum amount of goods and services an economy can produce when it is operating at full capacity, without causing inflation.
Velocity of Money
The rate at which money circulates in an economy, typically measured as the ratio of nominal GDP to the money supply.
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