Examlex
When judging the competitiveness of markets by the size and number of firms in that market, one is using the:
Recession
A period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.
Equation of Exchange
An economic identity that represents the relationship between the money supply, its velocity, the price level, and the number of transactions conducted, often formulated as MV = PQ.
Identity
The characteristics, attributes, or qualities that make a person or thing unique and distinguishable from others.
Nominal GDP
The value of the final goods and services produced in a given year valued at that year’s prices.
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