Examlex
According to the Myers-Briggs Type Indicator (MBTI) classification, people belonging to the "judging" type want control and prefer their world to be ordered and structured.
Short-run Phillips Curve
A curve depicting the inverse relationship between the rate of inflation and the unemployment rate in the short term, suggesting a trade-off between the two.
Unemployment Rate
The percentage of the labor force that is jobless and actively seeking employment, used as a key indicator of the health of an economy.
Inflation Rate
The rate at which the general level of prices for goods and services is rising, eroding the purchasing power of currency.
Discretionary Increase
A decision by policymakers to increase government spending or reduce taxes beyond automatic stabilizers, aiming to influence the economy's direction.
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