Examlex
Treasury notes generate lower returns than U.S. Treasury bills.
Long Run
A period in economics where all factors of production and costs are variable, allowing companies to adjust to market demands.
Prices
The amount of money required to purchase a good or service, serving as a signal for scarcity and demand in the market.
Unemployment
The condition of being jobless and actively seeking employment.
Phillips Curve
An economic concept illustrating an inverse relationship between rates of unemployment and rates of inflation within an economy.
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