Examlex
A ________scale presents the examinee with five responses ordered on an agree/disagree or approve/disapprove continuum.
Inflation Rate
The percentage change in the price level of goods and services in an economy over a given period of time.
Prime Interest Rate
The interest rate that commercial banks charge their most creditworthy customers, often used as a benchmark in lending rates.
Equation of Exchange
An economic formula representing the relationship between the supply of money in an economy and the level of prices of goods and services, expressed as M*V = P*T.
Nominal GDP
The gross domestic product measured in current prices, without adjustment for inflation.
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