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A company sells common stock for $20,000 cash.Record the transaction.
Phillips Curve
An economic theory suggesting an inverse relationship between the rate of unemployment and the rate of inflation in an economy.
Inflation
A continuous rise in the overall price level of goods and services within an economy over a period.
Unemployment
The condition in which a capable worker who is actively seeking employment is unable to find work.
Money Supply
The total amount of monetary assets available in an economy at a specific time, including cash, coins, and balances held in bank accounts.
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