Examlex
Describe the way that John Watson used classical conditioning procedures to explain how an individual learns to love another person.
Expected Inflation
The rate at which general prices of goods and services are anticipated to rise over a specific period.
Actual Inflation
The actual rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling.
Unemployment Rate
The percentage of the labor force that is unemployed and actively seeking employment.
Short-run Phillips Curve
A visual diagram illustrating the short-term inverse correlation between inflation rates and unemployment rates.
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