Examlex
Price elasticity of supply is defined as the percentage change in quantity supplied divided by the percentage change in price.
Quantity of Money
The total amount of money available in an economy at a specific time, including cash, coins, and balances in bank accounts.
Circulation
In economics, circulation refers to the continuous movement and exchange of money or goods and services within an economy.
Rational Expectations
The hypothesis that individuals make forecasts about the future based on all available information and past experiences, thus influencing their economic decisions.
Prominent Spokesman
A leading or notable figure who represents and speaks on behalf of a particular cause, organization, or group.
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