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The post-war military alliance led by the Soviet Union was known in the West as
Nominal Wage
The wage paid to workers measured in current monetary units, without taking inflation into account.
Price Level
The calculated average of current prices for all goods and services in the economic field.
Money Supply
The entire sum of cash, coins, and account balances in checking and savings that constitute the monetary assets in an economy at a specific time.
Real GDP
The total value of all goods and services produced by a country over a specific time period, adjusted for inflation, reflecting the actual productivity of an economy.
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