Examlex
What is included in investment income? What is the limit on the deduction for investment interest?
Inflation
A sustained increase in the general price level of goods and services in an economy over a period of time, leading to a decrease in the currency’s purchasing power.
Phillips Curve
A macroeconomic model describing an inverse relationship between rates of unemployment and corresponding rates of inflation, suggesting that inflation and unemployment have a stable and inverse relationship.
Federal Reserve
The central bank of the United States, responsible for regulating the US monetary and financial system.
Money Supply
The comprehensive pool of financial assets in an economy at any given time, which includes coins, cash, and the amounts in both checking and savings accounts.
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