Examlex
Write a short note on quantitative research.
Unemployment Rate
The percentage of the workforce that is unemployed and in active search of employment opportunities.
Economic Expansion
A phase of the business cycle where the economy grows and experiences increased levels of production, employment, and consumer spending.
Stagflation
A situation in an economy where inflation rates are high while economic growth rate slows down and unemployment remains steadily high.
Recession
A span of brief economic recession where business and industrial output slows down, often evidenced by a drop in Gross Domestic Product across two successive three-month periods.
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