Examlex
Briefly explain the UML.
Purchasing Power
The value of a currency expressed by the quantity of goods or services that one unit of money can buy.
Price Level
The average of current prices across the entire spectrum of goods and services produced in the economy, indicating the general level of inflation or deflation.
Financial Intermediaries
Institutions that act as middlemen between savers and borrowers, helping to channel funds from those with surplus capital to those needing capital.
Print Money
The process by which a country's central bank creates new money, typically leading to an increase in the monetary base, used metaphorically for expansionary monetary policy.
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