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What events marked the decline of the papacy in the thirteenth and fourteenth centuries?
Price Level
An index that measures the average of the prices over a range of products and services, reflecting the cost of living or inflation.
Real Wage
This is the purchasing power of a person's earnings, considering the effects of inflation on buying goods and services.
Expected Price Level
The average price level for goods and services anticipated by individuals and organizations, affecting consumption and investment decisions.
Actual Price Level
The current general price of goods and services in an economy at a particular time.
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