Examlex
Which of the following is secondary authority?
Degree of Inflation
The rate at which the general level of prices for goods and services is rising, thereby eroding purchasing power.
Disinflation
A reduction in the rate of inflation, indicating a slowdown in the rate at which prices for goods and services are rising.
Phillips Curve
An economic concept that illustrates an inverse relationship between the rate of unemployment and the rate of inflation in an economy over time.
Interest Rates
The cost of borrowing money or the compensation for the service and risk of lending money, usually expressed as a percentage rate over a period of time.
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