Examlex
The WTO is a global organization that evolved from ________.
Money Supply Growth
The increase in the total amount of monetary assets available in an economy at a specific time.
Unemployment Rate
The proportion of the workforce that is unemployed and actively seeking work.
Long-run Phillips Curve
An economic concept that represents the relationship between inflation and unemployment when the effects of short-term shocks have dissipated, showing no trade-off between inflation and unemployment in the long run.
Natural Rate
A concept in economics referring to the level of unemployment at which there is no cyclical or deficient-demand unemployment. It represents a balance between the supply of labor and job vacancies, considering that some frictional and structural unemployment is inevitable.
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