Examlex
The liquidity approach to measuring the money supply uses
Nominal GDP
The gross domestic product measured in current market prices, without adjustment for inflation.
Real GDP
The total market value of all final goods and services produced in an economy in a year, adjusted for inflation, reflecting the actual economic output.
Changes
Alterations or modifications in conditions, situations, or in the state of affairs.
Prices
The amount of money required to purchase a good or service, reflecting its value in a monetary term.
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