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when a floating currency increases in value in terms of other currencies.
money that is legal tender but it is not backed by reserves such as gold and has no value of its...
the total value of all the money spent by the consumers in the households on final goods and...
the opposite of free trade where restrictions are placed on international trade by import duties...
when firms do not produce the correct quantity to suit demand as they do not use the resources...
total variable cost of production divided by the output of production