Examlex
If the rate of growth in real GDP exceeds the rate of growth in the money supply,the quantity theory of money predicts a price deflation.
Unionization Rates
The percentage of workers in a particular labor market or industry that are members of labor unions.
Nominal Wage
The amount of money paid to a worker per unit of time, measured in current currency terms without adjustment for inflation.
Price Level
A general measure of current prices for every type of good or service created in the economy.
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