Examlex
Explain what Super PACs are and how recent Supreme Court decisions legalized their formation.
Quantity Equation
An equation that relates the quantity of money in an economy to the nominal value of transactions, used in economics to describe the relationship between money supply and price level.
Price Level
A measure of the average prices of goods and services in an economy at a specific time.
Money Supply
The aggregate of financial assets in an economy at a specific moment, which includes cash, coins, and the deposits in checking and savings accounts.
Quantity Equation
An equation that relates the quantity of money in an economy to the level of economic activity, typically framed as MV = PQ.
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