Examlex
What is the name given to the experimental apparatus for generating electricity through the use of a spontaneous reaction?
Purchasing-power Parity
A theory that states that exchange rates between currencies are in equilibrium when their purchasing power is the same in each of the two countries.
Nominal Exchange Rate
The rate at which one country's currency can be exchanged for another country's currency without adjusting for inflation rates.
Real Exchange Rate
The rate at which goods and services of one country can be exchanged for those of another, adjusting for price level differences.
Trade Deficit
The economic condition that occurs when a country imports more goods and services than it exports.
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