Examlex
In what shape is the graph of a revenue function?
Phillips Curve
An economic concept that depicts an inverse relationship between the rate of unemployment and the rate of inflation in an economy.
Aggregate Demand
Sum of all requests for goods and services within an economic system at a certain unified price level over a specified period.
Aggregate Supply Model
An economic model that represents the total supply of goods and services that firms in an economy plan on selling during a specific time period, across all price levels.
Phillips Curve
An economic theory suggesting an inverse relationship between the rate of inflation and the rate of unemployment in an economy.
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