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What is the definition of herding?
Inflation
The rate at which the general level of prices for goods and services is rising, subsequently eroding purchasing power.
Unemployment
The condition in which people actively seeking work are unable to find employment.
Long Run
The long run is a period in economics in which all factors of production and costs are variable, allowing for full adjustment to change.
Unemployment
Unemployment refers to the situation when individuals who are able and willing to work are not able to find employment.
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