Examlex
Patents and trade secrets are examples of:
Inflation
The rate at which the wholesale price levels for goods and services ascend, diminishing economic purchasing strength.
Unemployment
The situation when individuals who are capable of working and willing to work are unable to find employment.
Long-run Phillips Curve
An economic concept stating that in the long run, there is no trade-off between inflation and unemployment; the curve is vertical at the natural rate of unemployment.
Inflation
How rapidly the across-the-board prices of goods and services increase, impairing fiscal buying ability.
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