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The Gini ratio
Financial Crisis
A situation where financial assets suddenly lose a large part of their nominal value, often leading to bankruptcies and economic downturns.
Phillips Curve
An economic concept illustrating an inverse relationship between the level of unemployment and the rate of inflation.
Inflation Rate
The percentage rate of increase in price levels over time, which can erode purchasing power.
Inflation Expectations
The rate at which people expect the prices of goods and services to increase in the future, which can influence economic behavior.
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