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The total market value of all goods and services produced in a country over a specific period. It’s a primary measure of a country’s economic performance.
A sustained increase in the general price level of goods and services. Central banks, like the Federal Reserve or European Central Bank, aim to control inflation to avoid hyperinflation or deflation.
The percentage of people in the labor force who are actively seeking jobs but are unable to find employment. There are various types of unemployment, such as structural, cyclical, and frictional.
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