Examlex
Simplify.
-12 + (-20) - 10
Classical
An economic theory that emphasizes free markets, minimal government intervention, and the belief in self-regulating nature of markets.
Equation of Exchange
A fundamental equation in monetary economics reflecting the relationship between money supply, its velocity, price level, and an index of expenditures.
Changes in P
Variations in price levels over time, which can indicate inflation or deflation within an economy.
Changes in V
Variations in the velocity of money, indicating how fast money is circulating in the economy and affecting inflation and economic activity.
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