Examlex
When a stimulus, such as a tone, is presented to an infant over and over again, the infant will eventually habituate to the tone.
Expected Inflation
The rate at which people predict prices will rise in the future, influencing saving and spending behavior.
Phillips Curve
An economic concept that illustrates an inverse relationship between the rate of unemployment and the rate of inflation in an economy.
Natural Rate
Refers to the level of economic output or unemployment that is consistent with stable inflation, not influenced by short-term fluctuations.
Money Supply Growth
An increase in the total amount of money in circulation or in the economy, which can affect inflation rates, interest rates, and economic growth.
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