Examlex
Rats that received electric shocks were unlikely to develop ulcers if the
Natural Rate
The equilibrium unemployment rate arising from all sources except cyclical fluctuations, often considered the normal level of unemployment in an economy.
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.
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