Examlex
Economists use general equilibrium models of an economy to explain
Inflation Rate
The rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling.
Demand
The desire and ability of consumers to purchase goods or services at given prices.
Supply
The total amount of a product or service that is available for purchase at any given price.
Dollar Appreciates
A situation where the value of the U.S. dollar increases compared to other currencies, affecting international trade and economic dynamics.
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