Examlex
Simplify. Assume that variables represent positive real numbers.
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Prices Rise
An increase in the cost of goods and services in an economy over a period of time.
Purchasing-Power Parity
A theory that states prices of goods and services should equalize across countries when expressed in a common currency, accounting for exchange rates.
Money Supply
The grand total of money available in an economy at a specific time, encompassing cash, coins, and deposits in checking and savings accounts.
Domestic Goods
Goods that are produced within a country's borders and are part of its national output.
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