Examlex
Reflecting skills do NOT include
Inflation
The rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling.
Price Level
The central value of current prices for each good and service in the economy.
Value of Money
The purchasing power of money, which varies with inflation and economic conditions, indicating how much goods and services money can buy.
Keynesian Economics
An economic theory suggesting that active government intervention in the marketplace and monetary policy is the best method of ensuring economic growth and stability.
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