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Using metabolic terms,explain how the MEOS system is different from the alcohol dehydrogenase pathway for metabolism of alcohol.
Equation of Exchange
An economic equation (MV = PQ) that relates the money supply (M) and its velocity (V) to the price level (P) and quantity of goods sold (Q).
MV = PQ
An equation of exchange in economics that states money supply times the velocity of money equals the price level times the output (quantity of goods and services produced).
Big Government
A term referring to a government or state perceived as overly involved in the various aspects of societal, economic, and personal lives of its citizens.
Keynesians
Supporters of the economic theories established by John Maynard Keynes, focusing on total spending in the economy and its effects on output and inflation.
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