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Figure 10.14
-Refer to Figure 10.14.The area that represents the firm's profit is
Unemployment
The condition of being jobless and actively seeking employment.
Phillips Curve
An economic concept illustrating an inverse relationship between rates of unemployment and rates of inflation within an economy.
Congress
The legislative branch of the United States federal government, consisting of two houses: the Senate and the House of Representatives.
President Obama
President Obama refers to Barack Obama, the 44th president of the United States, serving from 2009 to 2017.
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