Examlex
Which of the following is part of our money supply?
Income
The remuneration accrued, notably in a recurrent manner, from labor or the investment of resources.
Substitution Effect
The economic principle that as prices rise or income decreases, consumers will replace more expensive items with less costly alternatives.
Income
The monetary amount received by an individual or entity in exchange for labor, services, or investment.
Price
The amount of money or compensation exchanged for the ownership or use of a good or service.
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