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When Thomas Hunt Morgan crossed his red-eyed F₁ generation flies to each other, the ?F₂ generation included both red- and white-eyed flies. Remarkably, all the white-eyed flies were male. What was the explanation for this result?
Nominal GDP
The market value of all final goods and services produced within a country in a specific period, measured in current prices.
Price Level
An index that measures the average of current prices of goods and services in comparison with the prices in a base year.
Money Demand Curve
A graphical representation that shows the relationship between the quantity of money people want to hold and the interest rate.
Interest Rate
The sum, as a percentage of the principal, required by a lender from a borrower for the employment of assets.
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