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The Laffer curve is the relationship between
Real Variables
Economic variables measured in physical units, reflecting quantities and qualities, rather than their monetary value, often adjusted for inflation.
Money Supply
The overall financial resources at a certain point in time within an economy, encompassing all cash, coins, and checking and savings account balances.
Money Demand
The desire to hold cash or liquid assets, influenced by factors such as interest rates, income levels, and economic activity.
Value of Money
The purchasing power of money, which can be influenced by factors like inflation and the supply of money in an economy.
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