Examlex
What is a price ceiling and what are its economic effects?
Price Level
An index that measures the average price of consumer goods and services, reflecting the purchasing power of a country's currency.
Foreign Exchange Rate
The price at which one currency can be exchanged for another in the international currency markets.
Velocity
In economics, the rate at which money circulates in the economy, typically measured as the ratio of gross national product to the total supply of money.
Money Supply
The sum total of available financial assets in an economy at a particular time slot.
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