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Other things remaining the same, if the quantity of money increases by a given percentage, then in the long run the ________ by the same percentage.
Industrial Capitalism
Economic system characterized by private or corporate ownership of capital goods, investments determined by private decision, and prices, production, and the distribution of goods determined mainly by competition in a free market.
Commercial Capitalism
An economic system where trade, goods, and capital are privately controlled and operated for profit, characterized by the emergence of market economies and merchant classes.
Trust
Refers to the firm belief in the reliability, truth, ability, or strength of someone or something.
Saloon
A place for drinking alcohol that was especially popular in the United States during the 19th and early 20th centuries, serving as a social hub in towns and cities.
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