Examlex
What features do nation-states share that distinguish them from traditional states and how are nation-states different from one another?
Price Level
A measure of the average prices of goods and services in an economy, indicating the cost of living or inflation rate.
Falling Prices
A situation in an economy where the prices of goods and services decrease over time.
Extraordinarily High Inflation
A situation where the rate of inflation becomes extremely high and uncontrollable, eroding purchasing power and destabilizing the economy.
Budget Deficit
The financial situation where government’s expenditures exceed its revenues within a specific time period, leading to borrowing or debt accumulation.
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