Examlex
Dentists know most consumers are hesitant to use their services, in part because what they provide can be painful or uncomfortable at best, but also because much of what they provide is intangible. What is intangibility? How can dentists attempt to overcome intangibility aspects of their service?
Phillips Curve Analysis
An economic concept that analyzes the inverse relationship between rates of unemployment and corresponding rates of inflation.
Natural Rate
The natural rate often refers to the natural rate of unemployment, which is the level of unemployment consistent with sustainable economic growth, without accelerating inflation.
Inflationary Expectations
The anticipations of consumers, businesses, and investors regarding the rate of inflation in the future.
Unexpected Change
A sudden and unforeseen event that can significantly impact individuals, organizations, or the economy.
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