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Define crimes.Differentiate between felonies and misdemeanors,mentioning the penalties by which each is punishable.
Quantity Theorists
Economists who believe that the amount of money in circulation is the primary influencing factor on overall levels of prices and inflation in an economy.
Increase in M
An increase in the money supply, referring to the total amount of money within a specific economy available for purchasing goods or services.
PQ Increase
A rise in the product of price level and quantity of goods and services produced, indicating growth in the value of economic output.
Classical Economist
An economist adhering to a school of thought originating in the late 18th and early 19th centuries, focusing on free markets, the role of self-interest, and the importance of limiting government intervention in the economy.
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