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Before focusing on chasing,fleeing,and dodging,children must have a functional understanding of
Money Growth Rate
The rate at which the total amount of money in an economy grows over a specific period, often considered a factor influencing inflation.
Nominal Wage
The wage paid to workers measured in current money terms, without adjustment for inflation.
Real Output
The total value of all goods and services produced in an economy, adjusted for price changes or inflation.
Relative-price Variability
The fluctuation in prices of goods and services relative to each other over time, often influenced by various economic factors.
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