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Which of these instances would constitute labor-market discrimination? Courtney and Nicole are identical in all of their labor-market characteristics except that Courtney earns a higher salary than Nicole because
Continuous Inflation
Continuous inflation refers to a sustained increase in the general price level of goods and services in an economy over a period of time, eroding purchasing power.
Natural Rate of Unemployment
The level of unemployment that is expected in an economy without temporary fluctuations, often seen as the equilibrium state of the labor market.
Inverse Relationship
A situation where two variables move in opposite directions, meaning when one variable increases, the other decreases.
Active Macroeconomic Policy
Economic strategies implemented by the government or central bank to stabilize the economy by adjusting spending, taxes, and interest rates.
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