Examlex
Which of the followings does NOT describe the money market in the ISLM model?
Consumption
The use of goods and services by households, constituting one of the primary components of GDP.
Price Mechanism
The manner in which the prices of goods or services affect the supply and demand of goods and services.
Capitalist Economies
Economic systems where capital assets are privately owned, and the production and distribution of goods and services are determined by competition in a free market.
Legal System
A legal system is a mechanism for creating, interpreting, and enforcing laws in a given jurisdiction, influencing the way justice is administered and how rights are protected.
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