Examlex
Which of these concepts followed directly from the philosophy of Social Darwinism?
Structurally Unemployed
Individuals who are unemployed due to changes in the market that make their skills obsolete.
Aggregate Supply Curve
displays the total output of goods and services that firms in an economy are willing to produce and sell at different price levels, in a given time period.
Cost-Push Inflation
Inflation caused by increases in the costs of production, such as raw materials or wages, leading to a decrease in supply and an increase in prices.
Demand-Pull Inflation
A situation where prices rise because the demand for goods and services exceeds their supply in the economy.
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