Examlex
What is the process of continuously measuring system results, comparing those results to optimal system performance, and identifying steps and procedures to improve system performance?
Union Wage
The standard wage rate established through collective bargaining by unions on behalf of their members.
Fiscal Policies
Fiscal policies are government spending and tax policies used to influence economic conditions, including aggregate demand, employment, and inflation.
Cyclical Unemployment
Cyclical unemployment is the result of downturns in the business cycle, rising during economic recessions and declining in periods of economic growth.
Aggregate Demand
The total demand for all goods and services within an economy at a given overall price level and time.
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