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Medium Of Exchange
An intermediary instrument used to facilitate the sale, purchase, or trade of goods between parties.
Liquidity Trap
A condition in which interest rates are low and savings rates are high, rendering monetary policy ineffective in stimulating economic growth.
John Maynard Keynes
A British economist whose theories, known as Keynesian economics, had a major impact on modern economic and political theory as well as on fiscal policies of governments.
Supply Of Money
The total amount of money in circulation or in existence in a country.
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