Examlex
Which of the following is true?
Inflation
A continuous rise in the overall price level of goods and services within an economy over a period.
Unemployment
The condition in which a capable worker who is actively seeking employment is unable to find work.
Money Supply
The total amount of monetary assets available in an economy at a specific time, including cash, coins, and balances held in bank accounts.
Phillips Curve
An economic theory that suggests an inverse relationship between the level of unemployment and the rate of inflation.
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