Examlex
Consider a washing machine as a system.Which of the following represents feedback?
Inflation
The velocity at which the general cost of goods and services surges, thereby diminishing the purchasing capacity.
Output
The amount of something produced by a person, machine, or industry.
Unemployment
Unemployment refers to the situation in which individuals who are capable of working and willing to work at prevailing wage rates cannot find employment.
Sacrifice Ratio
An economic term that quantifies the effect of decreasing inflation on an economy, typically measured as the percentage loss in output per one percentage point decrease in inflation.
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