Examlex
What is opportunity cost?
Money Supply
The whole sum of economic financial assets at a specified time.
Money Supply Growth Rate
The rate at which the total amount of monetary assets available in an economy increases over a specific period.
Long-run Phillips Curve
A concept in economics indicating that in the long run, there's no trade-off between inflation and unemployment, showing a vertical line at the natural rate of unemployment.
Unemployment
Unemployment refers to the situation when individuals who are capable of working and are actively seeking work are unable to find employment.
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