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When the House of Burgesses was created in Virginia in 1619,
Money Supply
The total amount of money available in an economy at a particular time, including cash, coins, and balances held in checking and savings accounts.
Expected Price Level
This term represents the anticipated average price of goods and services in an economy over a certain period.
Potential GDP
The maximum possible level of output an economy can achieve when all resources are utilized efficiently, without causing inflation.
Prices
The amount of money required to purchase goods or services, acting as a signal in the market to influence supply and demand.
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