Examlex
The population of a carnivore has doubled this year.Predict what will likely happen to the population of its prey over the next 12 months.
Price Level
The average cost across all sectors of goods and services produced in the economy.
Percent
A mathematical term describing a fraction or ratio as parts per hundred, used to indicate proportions and changes in quantities.
Deflation
A decline in the general price level of goods and services, often indicating a reduction in the supply of money and credit in the economy.
Purchasing Power
Purchasing power refers to the value of a currency expressed in terms of the amount of goods or services that one unit of money can buy.
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