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Anticipated Inflation
The rate of inflation that consumers and firms expect in the future, often based on past inflation rates and current economic conditions.
Price Level
A measure of the average prices of goods and services in an economy, reflecting the purchasing power of money and the inflation rate.
Inflation Rate
How quickly the overall price level for goods and services climbs, resulting in lower purchasing capability.
Cyclical Unemployment
Unemployment directly related to cycles of economic upturn and downturn, such as recessions and expansions.
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