Examlex
Which types of unemployment still occur even when the economy is considered to be operating at full employment?
Slope
In mathematics, it refers to the steepness or incline of a line, indicating the rate at which y-values change with respect to x-values.
Budget Constraint
The limits imposed on household choices by income, wealth, and product prices.
Choice Set
The collection of all possible options available for selection by a decision-maker.
Leftover Income
The amount of income that remains after all necessary expenses, such as bills and living costs, have been paid.
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