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Dissolved phosphorus in aquatic ecosystems may return to the land via
Nominal GDP
The market value of all final goods and services produced within a country in a given period, measured in current prices.
Quantity Equation
An equation that relates the quantity of money in an economy to the nominal value of economic output.
Price Level
A measure of the average prices of goods and services in an economy at a specific time, indicating the cost of living or inflation.
Classical Dichotomy
The theoretical separation of nominal and real variables in classical economics, implying that monetary changes do not affect real economic variables.
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