Examlex
Whereas ________ is concerned with the means of getting things done, ________ is concerned with the ends, or attainment of organizational goals.
Long Run
The long run is a period in economics in which all factors of production and costs are variable, allowing for full adjustment to change.
Unemployment
Unemployment refers to the situation when individuals who are able and willing to work are not able to find employment.
Price Level
The mean of present prices for all goods and services produced within the economy.
Phillips Curve
An economic theory that proposes an inverse relationship between the rate of unemployment and the rate of inflation in an economy.
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