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The distributed data processing approach carries some control implications of which accountants should be aware.Discuss two.
Money Supply
The aggregate of all money, such as cash, deposits in banks, and liquid assets, that is present within an economy at a certain point in time.
Real GDP
Gross Domestic Product (GDP) adjusted for inflation, measuring the value of goods and services produced by a country in a year, expressed in real terms.
Average Price Level
The average price level refers to the general level of prices for goods and services in an economy over a given period, often used as an indicator of inflation.
Monetary Policy
The process by which the central bank or monetary authority of a country controls the supply of money, often targeting an inflation rate or interest rate to ensure economic stability and growth.
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