Examlex
Explain whether the statement, "Hillary Clinton was elected President of the United States in 2012," is a normative or positive statement.
Money Supply
The comprehensive sum of available financial assets within an economy at a designated moment.
Price Level
A measure of the average prices of goods and services in the economy at a given time.
Value of Money
The purchasing power of money, which is the quantity of goods and services that can be purchased with a unit of currency.
Federal Reserve
The central banking system of the United States, responsible for conducting the nation's monetary policy and overseeing its banking system.
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