Examlex
Inflation increases the value of money.
Unemployment Rate
The fraction of the total employment market that remains without work but is eagerly searching for jobs and is willing to be employed.
Severe Recessions
Extended periods of economic decline around the world characterized by significant reductions in economic activity, high unemployment, and often deflation.
Stagflation
A situation in an economy where there is a combination of stagnant economic growth, high unemployment, and high inflation.
New Deal
A collection of initiatives, including programs, public work projects, financial reforms, and regulations, that were implemented by President Franklin D. Roosevelt in the United States throughout the 1930s as a reaction to the Great Depression.
Q64: Explain the concept of externality and give
Q127: The business cycle is measured by the<br>A)
Q143: A rational decision maker takes an action
Q234: Refer to Figure 2-15. Consider the production
Q249: Suppose an economy produces two goods, food
Q249: If the United States decides to trade
Q263: What does the "invisible hand" refers to?
Q323: Refer to Figure 2-7. Efficient production is
Q442: A production possibilities frontier shifts outward when<br>A)
Q543: Refer to Figure 2-8. Inefficient production is