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In the long run, any given percentage increase in the money supply:
Sacrifice Ratio
An economic ratio that measures the effect of rising unemployment on the reduction of inflation within an economy.
Inflation Rate
The rate at which the general level of prices for goods and services is rising, and, subsequently, eroding purchasing power.
Annual Output
The total value of goods and services produced by an economy or a firm in one year.
Rational Expectations
The economic theory suggesting individuals make decisions based on their logical expectations for the future, effectively using all available information to predict future events accurately.
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