Examlex
Which two principles are closely related?
Money Supply
The comprehensive pool of financial assets in an economy at any given time, which includes coins, cash, and the amounts in both checking and savings accounts.
Inflation
The rate at which the general level of prices for goods and services is rising, subsequently eroding purchasing power.
Unemployment
The condition in which people actively seeking work are unable to find employment.
Long Run
The long run is a period in economics in which all factors of production and costs are variable, allowing for full adjustment to change.
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