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You receive a big raise at work.As a result of your now higher income,you stop bringing your lunch from home and start eating lunch at a nearby restaurant.Your homemade lunches must be
Quantity Equation
An equation that relates the quantity of money in an economy to the level of economic activity, typically framed as MV = PQ.
Price Level
A gauge for the typical prices of products and services in an economy at a certain time.
Batch Process
A manufacturing process where materials or products are produced in groups or quantities within a specified timeframe.
Continuous Process
A production process that operates without interruption for extended periods, commonly used in chemical and energy industries.
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