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Explain How a Reduction in the Proportion of Contracts That

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Essay

Explain how a reduction in the proportion of contracts that are indexed affects the relationship between changes in the unemployment rate and inflation.


Definitions:

Totipotent

A term describing a cell or nucleus that contains the complete set of genetic instructions required to direct the normal development of an entire organism. Compare with pluripotent.

Pluripotent

A term describing a stem cell that can divide to give rise to many, but not all, types of cells in an organism. Compare with totipotent.

Embryonic Stem

Embryonic stem cells are undifferentiated cells that can differentiate into various cell types and have the potential for unlimited, or prolonged, self-renewal.

Placental Cells

Cells that make up the placenta, an organ that connects the developing fetus to the uterine wall to allow nutrient uptake, waste elimination, and gas exchange via the mother's blood supply.

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