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The intelligent design (ID) movement asserts that life forms are too complex to have been formed by natural processes and must therefore have been created by a higher intelligence. Attempts have been made to teach ID as an alternative theory to Darwinian evolution in biology classes in several states in the United States.
Velocity of Money
The rate at which money is exchanged from one transaction to another, and how much a unit of currency is used in a given period of time.
Equation of Exchange
An economic formula representing the relationship between the money supply, its velocity, the price level, and the volume of transactions in an economy.
Inflation
The speed at which prices for products and services increase, leading to a decline in buying power.
Supply of Money
The total amount of money available in an economy at any given time, including cash, bank deposits, and liquid assets.
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