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The long-run aggregate supply curve shifts to the right when there is
Double Coincidence of Wants
A situation in a barter system where two parties each hold an item the other wants, allowing them to exchange goods directly without the need for money.
M1
A category of the money supply that includes physical currency and coin, demand deposits, traveler's checks, and other checkable deposits.
Travelers Checks
Pre-printed, fixed-amount checks designed to allow the person signing them to make an unconditional payment to someone else as a result of having paid the issuer for that privilege.
Reserve Ratio
The fraction of deposits that banks are required to keep on hand as reserves, either in their vaults or with the central bank, to ensure liquidity.
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