Examlex
As groups increase in size,interaction between members becomes more intense and personal.
Long-Run Phillips Curve
A visual representation showing the relationship between inflation and unemployment rates, suggesting that in the long run, there is no trade-off between inflation and unemployment.
Money Supply
The sum total of financial assets available in an economy at a certain point in time.
Inflation Rate
The percentage rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling over a specific period.
Fiscal Policies
Government policies related to taxation and spending that aim to influence the overall economy.
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