Examlex
Give an example of an external failure.
Inflation
The speed at which the overall price level for goods and services increases, thereby diminishing the buying power.
Shoeleather Costs
The resources wasted when inflation encourages people to reduce their money holdings.
Money Holdings
The amount of cash or liquid assets that a person or entity possesses at any given time.
Money Supply
The whole amount of money resources available in an economy at a given interval.
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