Examlex
Arbitrating the enforcement or interpretation of contract terms is called ________ arbitration.
Price Level
A calculated mean price for all current economic goods and services.
Inflation Rate
The percentage increase in the general price level of goods and services in an economy over a specified period.
Money Supply
Money Supply denotes the total volume of money available in the economy, including cash, coins, and balances held in checking and savings accounts.
Value of Money
Refers to the purchasing power of money, or how much goods and services a unit of money can buy.
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