Examlex
The specific interest rate that banks pay each other for emergency overnight loans is called
Long-Run Phillips Curve
A graphical representation suggesting that in the long term, there is no trade-off between inflation and unemployment, showing vertical at the natural rate of unemployment.
Unemployment Rate
The percentage of those in the labor force who are not working but are in search of employment.
Natural Rate
Often refers to the natural rate of unemployment, which is the level of unemployment consistent with a stable rate of inflation, not zero unemployment.
Unemployment
The situation in which individuals who are capable of working and are actively seeking work remain un-hired.
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