Examlex
What is the substitution effect of a price change?
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.
Medium of Exchange
A mechanism or item used to facilitate trade by avoiding the limitations of barter, such as currency or digital forms of money.
MV Rises
A notation that can imply an increase in the velocity of money, which is the frequency at which one unit of currency is used to purchase domestically-produced goods and services within a given time period.
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