Discuss Social Media and Its Components

question 60

Essay

Discuss social media and its components.

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Definitions:

Monetarists

Economists who argue that the money supply's variations play a crucial role in influencing the national output in the short term and determining the price level over the long term.

Money Supply

The whole sum of money available in an economy, including cash, coins, and the balances in checking and savings accounts, at a specific period.

Prices

The amount of money expected, required, or given in payment for something, reflecting the value of goods or services in monetary terms.

Rational Expectations

An economic theory that posits individuals make decisions based on their expectations for the future, which are in turn based on past trends and information considered to be most relevant.