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_____ involves contracting with another company, usually in a low-cost country abroad, to have it perform a work activity the organization previously performed itself, such as manufacturing, marketing, or customer service.
Money Supply Growth Rate
The speed at which available monetary resources in an economy grow over a determined time frame.
Short-run Phillips Curve
A graphical representation indicating an inverse relationship between the rate of inflation and the rate of unemployment in the short term.
Inflation
The measure of how quickly the general price level for products and services grows, resulting in reduced consumer purchasing ability.
Money Supply Growth Rate
The rate at which the amount of money available in an economy grows, influencing inflation and economic activity.
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