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Phillips Curve
Curve showing inverse relationship between the unemployment rate and the rate of inflation.
Laffer Curve
Shows that at very high tax rates, very few people will work and pay taxes; therefore government revenue will rise as tax rates are lowered.
General Price Level
indicates the average of the current prices of all goods and services in the economy at a specific time.
Money Supply
The aggregate of all funds accessible in an economy, counting cash, coins, and checking and savings account balances, at a certain time.
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