Examlex
An individual's __________ refers to what that person looks like as a consequence of their genetic code and their environment.
Automatic Stabilizer
Economic policies and programs, such as unemployment insurance and taxation, that automatically adjust to counteract economic fluctuations without additional government intervention.
Natural Rate
Often refers to the natural rate of unemployment, indicating the lowest unemployment rate an economy can sustain over the long term without causing inflation.
Unemployment
The situation where individuals who are able and willing to work do not find jobs, expressed as a percentage of the labor force.
Real GDP
The measure of a country's economic output adjusted for price changes (inflation or deflation), reflecting the real quantity of goods and services produced.
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