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Real Factors
Real factors typically refer to tangible inputs and conditions affecting economic outcomes, such as resources, technology, and workforce skills, as opposed to financial inputs.
Quantity Theory
An economic theory proposing a direct relationship between the amount of money in an economy and the level of prices of goods and services.
Money Supply
The comprehensive sum of available financial assets within an economy at a designated moment.
Price Level
A measure of the average prices of goods and services in the economy at a given time.
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