emollient - toiletry consisting of any of various substances in the form of a thick liquid that have a soothing and moisturizing effect when applied to the skin ointment, cream cold cream, coldcream, face cream, vanishing cream - a cream used cosmetically (mostly by women) for softening and cleaning the skin
DEFINITION of 'Frictional Unemployment'. Unemployment that is always present in the economy, resulting from temporary transitions made by workers and employers or from workers and employers having inconsistent or incomplete information. Next Up.
The Philips curve in the short run basically shows that inflation an unemployment are inversely related,it predicts therefore that when there is high inflation, unemployment is low and vice versa. Stagflation is a situation when this situation fails.there is high inflation and high unemployment. Views.