The Phillips curve illustrates that there is an inverse relationship between unemployment and inflation in the short run, but not the long run. The economy is always operating somewhere on the short-run Phillips curve (SRPC) because the SRPC represents different combinations of inflation and unemployment.
In arithmetic, an aggregate is a selection of gadgets from a set that has awesome individuals, such that the order of selection does no longer matter (not like variations). as instance, given three end result, say an apple, an orange and a pear, there are three combos of that can be drawn from this set: an apple and a pear; an apple and an orange; or a pear and an orange. greater officially, a k-aggregate of a fixed S is a subset of k wonderful elements of S. So, mixtures are identical if and best if every combination has the same members. (The association of the contributors in each set does now not count number.) If the set has n elements, the wide variety of okay-mixtures, denoted.
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