Examlex
Online templates must be ________ before you can use them.
Favorable Supply Shock
An unexpected event that increases the supply of goods or services, typically leading to lower prices for those goods or services.
Short-run Phillips Curve
A concept in economics that illustrates an inverse relationship between inflation and unemployment within a certain period, implying that lower unemployment in the short run can come with higher levels of inflation.
Central Bank
An institution that manages a country's currency, money supply, and interest rates, overseeing the commercial banking system.
Inflation Rate
The rise in the average price levels of goods and services within an economy over a given time frame.
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