Examlex
Wiivv, the company profiled in the opening feature of Chapter 2, is in the 3D printing business of footwear insoles. To manufacture the insoles, the company uses a process called ________ manufacturing.
Real Output
The measure of goods and services produced in an economy, adjusted for inflation, reflecting the actual value of goods and services.
Money Supply
The total amount of monetary assets available in an economy at a given time.
Prolonged Inflation
An extended period of time during which prices in an economy consistently rise, diminishing purchasing power.
Monetarist
An economist who believes that variations in the money supply have major influences on national output in the short run and the price level over longer periods.
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