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If money is neutral and velocity is stable,an increase in the money supply creates a proportional increase in
Firm
A business organization that sells goods or services in order to make a profit.
Producer Surplus
The difference between what producers are willing to receive for a good or service and the actual amount they receive, due to the market price being higher.
Fixed Costs
Expenses that do not change with the level of production or sales, such as rent, salaries, and insurance premiums.
Unavoidable Costs
Expenses that a company must pay regardless of its level of production or sales activity, also known as fixed costs.
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