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One consequence of Einstein's ideas about the speed of light is that:
Short-Run Phillips Curve
A graphical representation showing the short-term trade-off between inflation and unemployment rates.
Inflation
The rate of increase in the collective pricing for goods and services, lessening consumer purchase strength.
Less Optimistic
Feeling or expressing a lower expectation that good events will occur or that negative events will not happen.
Phillips Curve Diagram
A graphical representation showing the inverse relationship between the rate of inflation and the rate of unemployment in an economy over time.
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