Examlex
Term for identification: Iran-Contra Affair
Classical Quantity Theory
An economic theory suggesting that the amount of money in circulation directly impacts price levels and inflation rates.
Money
A medium of exchange that facilitates transactions, acting as a unit of account, a store of value, and sometimes, a standard of deferred payment.
Stock of Money
The total quantity of money available in the economy at a particular time, including cash and deposits.
Price Level
A measure of prices in a given month or year in relation to prices in a base year.
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