Examlex
How does the aggregate supply curve differ from a supply curve for,say,bananas?
Disinflates
Disinflation refers to a reduction in the rate of inflation, leading to a slower increase in the price levels of goods and services.
Unemployment Rate
The percentage of the working-age population that is unemployed and in the process of looking for a job.
Sacrifice Ratio
An economic term that refers to the amount of production or output that must be forgone in order to reduce inflation by one percentage point.
Disinflates
The process of reducing the rate of inflation; a slowing in the rate at which prices increase, typically as a result of monetary policy actions.
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