Examlex
Explain the organization of neurons into modules in the striate cortex.
Price Expectations
The beliefs or forecasts that consumers and producers have regarding future prices, which can influence their economic decisions.
Long-run Phillips Curve
A concept suggesting that in the long term, there is no trade-off between inflation and unemployment, implying that efforts to reduce unemployment will not lead to higher inflation in the long run.
Long-run Phillips Curve
A graphical representation suggesting that in the long run, there is no trade-off between inflation and unemployment.
Higher Inflation
Higher Inflation occurs when there is a sustained increase in the general price level of goods and services, reducing purchasing power over time.
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