Examlex
What does the Chart of Accounts list?
Short-run Phillips Curve
A graphical representation showing an inverse relationship between the rate of inflation and the rate of unemployment in the short term.
Inflation
The pace at which overall prices for products and services escalate, causing the value of money to decline.
Unemployment
The condition of being capable and willing to work, but unable to find employment.
Money Supply
The complete aggregate of monetary assets in an economy at a certain moment.
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