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Describe in detail the procedure for developing and approving a state budget in Texas. Include the roles played by those involved from both the executive and legislative branches.
Money Supply
The whole value of monetary assets available in an economy at a certain instance.
Price Level
A comprehensive calculation of the average price for all goods and services in the economy.
Real GDP
The measurement of a country's economic output adjusted for price changes (inflation or deflation), reflecting the true value of all goods and services produced.
Money Supply Curve
A graphical representation showing the relationship between the quantity of money in an economy and the level of interest rates.
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