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What is the product of the following reaction?
Quantity Theory of Money
A theory stating that the general price level of goods and services is directly proportional to the amount of money in circulation.
Price Level
A measure of the average prices of goods and services in an economy at a given time, often used to gauge inflation.
Real GDP
Gross Domestic Product adjusted for inflation, providing a more accurate measure of economic output over time by valuing goods and services at constant prices.
Money Supply
The complete inventory of monetary assets within an economy at a defined moment.
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