Examlex
Knowledge is…
Output
The quantity of goods or services produced in a given time period by a firm, industry, or country.
Inflation Rate
The percentage rate of change in price levels over time, often calculated as the annual rate of increase in the Consumer Price Index (CPI).
Adverse Supply Shock
An unexpected event that suddenly decreases supply, potentially increasing prices and decreasing the quantity available for consumers.
Money Supply
At any specified time, the overall financial assets available in an economy, covering cash, coins, and the balances in checking and savings accounts.
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