Examlex
When economies of scale limit the number of firms in an industry to 3,there is a
Money Supply
The total capital available in an economy at a given moment, which includes cash, coins, and the money held in checking and savings accounts.
Value of Money
The purchasing power of money, indicating how much goods or services one unit of money can buy.
Excess Supply
A market situation where the quantity of a good or service supplied is greater than the quantity demanded at the current price.
Deflation
Deflation is a decrease in the general price level of goods and services in an economy over a period, indicating negative inflation.
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