Examlex
If the wage is kept above the equilibrium level for any reason, the result is unemployment.
Technological Changes
Innovations or improvements in technology that affect productivity, efficiency, and competitiveness in an industry or economy.
Index Number
A statistical measure that shows changes in a variable or group of variables over time, often used for economic data analysis.
Parity Concept
A principle stating that different currencies should have the same purchasing power in different countries, once adjusted for exchange rates.
Parity Ratio
The ratio between the prices of various goods or services, often used in agriculture and trade to compare values.
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