Examlex
An objective function represents a family of parallel lines.
Rate of Inflation
The percentage increase in the general level of prices for goods and services in an economy over a given period.
Lagging Economic Indicator
Refers to statistics that tend to change after the economy has already begun to follow a particular trend, and are used to confirm patterns seen in leading indicators.
Unemployment Rate
The proportion of the workforce that is unemployed and actively looking for work.
Price Level
An index indicating the general pricing trends in an economy, reflecting the cost living and purchasing power.
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