Examlex
Psychologists use ________ to assess individuals' mental aptitudes and compare them with those of others,using numerical scores.
Inflation Rate
The percentage increase in the price level of goods and services over a period of time.
Unemployment Compensation
Financial payments made to individuals who have lost their jobs, provided by the government or other authorized bodies to support them while they search for new employment.
Sticky Wages
The tendency of nominal wages to adjust slowly to changes in the economy, such as inflation or unemployment, often leading to disequilibrium in the labor market.
Actual Price Level
The current average of all prices of goods and services in an economy, reflecting the purchasing power of money.
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