Examlex
Information about a particular content area is known as
Price Level
An index that measures the average relative level of prices of goods and services in an economy over a period of time.
Inflation
The speed at which the overall price level for goods and services increases, thereby diminishing the buying power.
Shoeleather Costs
The resources wasted when inflation encourages people to reduce their money holdings.
Money Holdings
The amount of cash or liquid assets that a person or entity possesses at any given time.
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