Examlex
One theory of motivation is based on the proposition that employees would exert greater work effort if they have reason to anticipate it (their effort) will result in a valued reward. What is this theory?
Unemployment Rate
The unemployment rate is the percentage of the labor force that is jobless and actively looking for employment.
Natural Rate
The rate of output at which an economy operates without inflationary pressures, often referred to as the natural rate of unemployment.
Phillips Curve
A concept in economics that indicates an inverse relationship between the rate of unemployment and the rate of inflation within an economy.
Inflation Rate
The rise in the average cost of goods and services throughout an economy over a specified period.
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