Examlex
If the GDP deflator rises from 150 to 175,by what percentage did prices rise?
Deflation
A decrease in the general price level of goods and services in an economy over a period, often leading to increased purchasing power of the currency.
Inflation
The rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling.
Disinflation
A reduction in the rate of inflation
Underemployed
Refers to individuals working fewer hours than they would prefer, or in positions that don't fully utilize their skills and education.
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