Examlex
This type of system functions without interacting with their environment.
Federal Reserve
The central bank of the United States, responsible for implementing monetary policy, regulating banks, and ensuring the stability of the financial system.
Aggregate Demand Curve
A graphical representation showing the relationship between the overall price level in the economy and the total demand for goods and services at that price level.
Price Level
Price Level is a measure of the average prices of goods and services in an economy at a given time, often used to assess inflation or deflation.
Inflation Rate
The percentage increase in the general price level of goods and services in an economy over a period of time.
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