Examlex
This term has to do with the audience's ability to remove themselves from a work of art just far enough so that they can contemplate it?or even judge it.
High Inflation
A situation where there is a sustained, rapid increase in the general price level of goods and services in an economy over a period, eroding purchasing power.
High Unemployment
A condition where a large portion of the workforce is not employed, indicating a distressed economy.
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.
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